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Solar Energy Initiatives Confirms Record Date for Distribution of Solar Park Initiatives Shares
Solar Energy Initiatives Confirms Record Date for Distribution of Solar Park Initiatives Shares
Oct. 26, 2010 (Marketwire) --
PONTE VEDRA BEACH, FL -- (Marketwire) -- 10/26/10 -- Solar Energy Initiatives, Inc. (OTCBB: SNRY), with businesses in solar project development, distribution and workforce training, announced the confirmation of the record date for the future distribution of Solar Park Initiatives (OTCBB: SOPV) shares. All Solar Energy Initiatives' shareholders as of market close on October 29, 2010 will receive one share of Solar Park Initiatives for every two shares of Solar Energy Initiatives that they own. The distribution will be effectuated after a Registration Statement filing covering the SOPV shares are deemed effective by the Securities & Exchange Commission ("SEC"). Solar Park Initiatives will file the registration statement as soon as possible.
A registration statement relating to these securities will be filed with the Securities and Exchange Commission. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
About Solar Energy Initiatives, Inc.
Solar Energy Initiatives, Inc. (OTCBB: SNRY) is a diversified provider of solar solutions with three principal operating groups focused on large-scale projects, solar education and distribution of solar products. SNRY Power is a developer and manager of municipal and commercial scale solar projects. The SolarEOS Group is dedicated to the education and continuous improvement of solar energy trade professionals. SNRY Solar is a wholesale distributor of branded photovoltaic and thermal (water heating) systems selling via a network of dealers throughout the United States and the Caribbean. Through its diversified portfolio of solar businesses, Solar Energy Initiatives, Inc. is committed to restoring the nation's economy through a grassroots campaign called "Renew the Nation." Renew the Nation brings together a broad alliance of public and private sector interests focused on workforce development, job creation and economic growth through solar energy. For more information please visit http://www.solarenergy-us.com/.
Contact:
Investors:
Solar Energy Initiatives, Inc.
David Fann
Chief Executive Officer
904-644-6090
Email Contact
Source: Marketwire (October 26, 2010 - 8:30 AM EDT)
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Industry Icon Returns as General Manager to Buggy World
Industry Icon Returns as General Manager to Buggy World
Expects to Bring Store Sales to 'Pre-Recession' 1.6 Million Dollar Mark
Oct. 26, 2010 (Marketwire) --
SAN DIEGO, CA -- (Marketwire) -- 10/26/10 -- San West, Inc. (OTCBB: SNWT), an emerging leader in the off-road vehicle (ORV) industry, operator of the industry leading ORV portal, www.CountyImports.com, and Buggy World retailers, announced today that Jim Jordan, original founder and manager of Buggy World will be rejoining the company.
Frank Drechsler, President and CEO of San West, Inc., said this of the newest addition to the management team, "We could not be more pleased that Mr. Jordan has decided to rejoin the company. No one has as much experience, industry acumen or knowledge of our products than the man that built the company $1.6 million in less than three years. We have weathered a rough period in the industry due to the recession and decreased consumer activity. With Jim Jordan acting as general manager again using a firm and focused plan, we are already moving forward."
When asked what it will take to get Buggy World back to its pre-recession levels, Mr. Jim Jordan had this to say, "I see Buggy World emerging in the next 6 months as a leader in our market. We survived an industry climate where all the mom and pop stores shut down. This gives Buggy World the opportunity to be the 'go to' for the needs of our customers and the products we sell. There is no doubt that the recession has been a tough time for all but as the off road season ramps up, I see the increase of business daily. The phone is ringing off the hook and we have people coming in excited about going to the desert. Our parts and accessory sales are up and the service bay is staying full. I think this season will be our best in two years. And this year, we plan to start gearing up for summer sales early this year by offering aggressive sale promotions in March and April. This should prevent the typical slump between seasons."
Mr. Jordan's Objectives For The Next 12 Months:
- Return brick and mortar sales to 'pre-recession' $1.6 million mark.
- Reorganize company employees and increase Buggy World's sales staff with seasoned professionals.
- Utilize quality, nontraditional financing to bring in new powersport products from stable companies, thereby stocking inventory with the best selling scooters, buggies, parts and accessories.
- Promote established brand name products requested by our customers and bring in well-known brands of new non-current motorcycles and utv's which will be on a consignment basis with major financing companies available to help move product.
- Increase sales and service in adjacent counties and by offering service and parts staff new incentives for up selling and increasing billable hours.
With over 30 years of experience in the off road industry, Jim Jordan has won or placed in 11 class 7 open races in Baja Mexico and 15 mini Buggy Races in Southern California.
Please click here to receive our debut bi-monthly newsletter http://www.sanwestinc.com/index.php?/static/investor_relations and enter your email in the subscription box to be added to the distribution list. The e-newsletters will be sent on the 1st and 3rd Tuesdays of each month.
About San West, Inc.
San West is an emerging leader in the off-road vehicle (ORV) industry and operator of the industry leading ORV portal, www.CountyImports.com. The Company's web properties have emerged as the established home for all facets of the ORV industry, including off-road buggies, scooters, ATVs, parts and accessories. San West's retail store locations in Southern California specialize in the design, manufacture, sales and repairs of off-road buggies. Additionally, the retail and online stores provide aftermarket performance products and accessories for off-road buggies and other ORVs. Buggy repair services are sold and fulfilled at the Santee, California retail location. For further information about San West Inc. visit www.CountyImports.com, www.CountyImportparts.com, www.BuggyNation.com, www.youtube.com/user/CountyImportsdotCom, and www.SanWestInc.com.
Certain statements contained herein are "forward-looking" statements (as defined -- Private Securities Litigation Reform Act of 1995). SNWT cautions that the statements made in this press release constitute forward-looking statements and no guarantees of future performance and actual results or developments may differ materially from projections in forward-looking statements. Forward-looking statements are based on estimates and opinions of management at time the statements are made.
Vlad Cood
Director of Communications
vlad@sanwestinc.com
Source: Marketwire (October 26, 2010 - 8:30 AM EDT)
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Acme Packet and Glowpoint Address Barriers to Business-to-Business Telepresence and Video Conferencing
Acme Packet and Glowpoint Address Barriers to Business-to-Business Telepresence and Video Conferencing
Glowpoint's Open Video(TM) platform to deliver global open and secure
access with Acme Packet's Net-Net Session Director SBC
Oct. 26, 2010 (Business Wire) -- Glowpoint, Inc. (OTCBB: GLOW), a provider of cloud-based managed services for telepresence, video conferencing and collaboration, and Acme Packet® (NASDAQ: APKT), the leader in session border control solutions, today announced an on-demand video conferencing solution that leverages Acme Packet’s Net-Net Session Director (SD) session border controller (SBC), which will be deployed in Glowpoint’s Open Video platform for business-to-business (B2B) video communications.
Glowpoint’s Open Video, the next generation of Telepresence interExchange Network (TEN) and hosted cloud-based infrastructure, will be commercially available in early 2011 and will offer telepresence, video and unified communications users a seamless way to meet and communicate across a broad range of systems, on differing carrier networks, without compromising security policies. Combined with its managed service offerings, Glowpoint’s Open Video platform will offer options for seamless point-to-point video dialing, ad-hoc (reservation-less) multi-point conferences for mixed SIP and H.323 environments and fully managed conferences and video devices.
Acme Packet’s Net-Net SD will be a core component in Glowpoint Open Video’s cloud-based infrastructure, initially offering two distinct benefits:
Flexibility – With the Net-Net SD, Glowpoint can offer on-demand video conferencing based on SIP-SIP, SIP arbitrage, H.323-H.323 or SIP-H.323 interworked signaling. The Net-Net SD also resolves any signaling inconsistencies between endpoints, enhancing Glowpoint’s ability to accommodate disparate video conferencing endpoints with a centralized provisioning model that reduces costs by eliminating the need for Glowpoint to customize individual customer endpoints.
Security – Acme Packet’s Net-SAFE creates clearly defined security borders, offering a comprehensive mix of security functions including: Layer 2-7 Denial of Service (DoS) attack detection and prevention; topology hiding; VPN separation and interworking; and dynamic access control lists (ACLs). The Net-Net SD also prevents fraudulent use or theft of Glowpoint’s services.
“Interactive video is the primary driver for IP communications and is poised for dramatic growth,” said Zeus Kerravala, Senior Vice President and Distinguished Research Fellow, Yankee Group. “Glowpoint's use of Acme Packet SBCs to enable their on-demand video conferencing offering is a leading example of the next generation all-IP service we’ll see delivered as the industry finally moves beyond voice-only communications.”
As part of the pre-launch of Open Video, Glowpoint and Acme Packet are offering one of the world’s first, true multi-protocol services, called Virtual Video Room (VVR), which offers a dial-in “meet me” room for ad-hoc multi-point meetings. VVR delivers B2B meetings to SIP, H.323 and ISDN-based video--as well as audio-only--participants without having to re-configure customer owned MCUs and without having to establish carrier interconnects for private MPLS networks.
“IP interactive video is a fast-growing solution focus for Acme Packet,” said Seamus Hourihan, Acme Packet’s vice president of marketing and product management. “Our Net-Net SBCs enable a secure, interoperable and reliable connection between the video conferencing solutions used by enterprises, creating the opportunity for Glowpoint to extend Open Video to a much broader market.”
“Intercompany communications is a key enabler to maximizing the utilization of video within the enterprise to increase penetration of video rooms and devices,” said Anil Balani, Glowpoint’s senior vice president of product development. “Glowpoint’s public and private cloud supports open communications with interoperability from telepresence to the desktop by being protocol-, vendor- and network-agnostic.”
Supporting Resources
Glowpoint Managed Services
Acme Packet Net-Net Session Border Controller
About Glowpoint
Glowpoint, Inc. (OTCBB: GLOW) enables video users to effortlessly and securely call one another regardless of their video technology or network. With unlimited, "open" access to Glowpoint's cloud-based, hosted-video infrastructure and services, video calling within – and between – companies is dramatically simplified. From full-featured telepresence and video conferencing suites to desktop video, Glowpoint supports customers around the world with 24/7 managed services that allow business professionals to enjoy “in-the-same-room” intimacy and cost savings. To see a video-in-the-cloud demonstration, and to learn more about how cost-effective and easy telepresence and video conferencing can be for your business, email us at contactme@glowpoint.com or visit http://www.glowpoint.com.
About Acme Packet
Acme Packet, Inc. (NASDAQ: APKT), the leader in session border control solutions, enables the delivery of trusted, first-class interactive communications—voice, video and multimedia sessions—and data services across IP network borders. Our Net-Net family of session border controllers, multiservice security gateways and session routing proxies supports multiple applications in service provider, enterprise and contact center networks—from VoIP trunking to hosted enterprise and residential services to fixed-mobile convergence. They satisfy critical security, service assurance and regulatory requirements in wireline, cable and wireless networks; and support multiple protocols—SIP, H.323, MGCP/NCS, H.248 and RTSP—and multiple border points—service provider access and interconnect, and enterprise access and trunking. Over 10,000 Acme Packet systems have been deployed by more than 1,105 customers in 105 countries. They include 91 of the top 100 service providers in the world and 11 of the Fortune 25. For more information, contact us at +1 781.328.4400, or visit www.acmepacket.com.
Acme Packet, Inc. Safe Harbor Statement
Statements contained herein that are not historical fact may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements may relate, among other things, to our position in the session border control market, our partnership with Glowpoint, our expected financial and operating results, our ability to establish and maintain intellectual property rights, our ability to build and grow Acme Packet, the benefits and advantages of our products, including any enhancements or new features, services and programs, including Open Video, and our ability to achieve our goals, plans and objectives. Such forward-looking statements do not constitute guarantees of future performance and are subject to a variety of risks and uncertainties that could cause our actual results to differ materially from those anticipated. These include, but are not limited to: difficulties in growing our customer base, difficulties leveraging market opportunities, difficulties providing solutions that meet the needs of customers, poor product sales, long sales cycles, difficulty developing new products, difficulty in relationships with vendors and partners, higher risk in international operations, difficulty managing rapid growth, and increased competition. Additional factors that could cause actual results to differ materially from those projected or suggested in any forward-looking statements are contained in our recent filings with the Securities and Exchange Commission, including those factors discussed under the caption “Risk Factors” in such filings.
MEDIA CONTACT FOR GLOWPOINT:
Jonathan Brust, +1 312-235-3888
jbrust@glowpoint.com
www.glowpoint.com
or
MEDIA CONTACT FOR ACME PACKET:
Ramya Kumaraswamy, +1 781-672-3147
rkumaraswamy@chenpr.com
www.acmepacket.com
Source: Business Wire (October 26, 2010 - 8:30 AM EDT)
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Shareholder Approval Marks Major Milestone Toward DecisionPoint Completing Reverse Merger
Shareholder Approval Marks Major Milestone Toward DecisionPoint Completing Reverse Merger
Oct. 26, 2010 (Marketwire) --
FOOTHILL RANCH, CA -- (Marketwire) -- 10/26/10 -- DecisionPoint Systems, Inc. (OTCBB: DNPI), a leading provider of Enterprise Mobility and RFID solutions, today announced that shareholders of Copernic, Inc. (NASDAQ: CNIC) have approved the sale of the company to N. Harris Computer Corporation, a wholly-owned subsidiary of Constellation Software Inc. (TSX: CSU). DecisionPoint entered into a reverse merger agreement with Comamtech, the successor company of Copernic, Inc. on October 20, 2010.
"We are pleased by the result of this important shareholder vote," said Nicholas Toms, Chief Executive Officer of DecisionPoint. "With this positive outcome, the operating businesses of Copernic will be monetized, enabling DecisionPoint and Comamtech to continue on the path to completing our reverse merger agreement."
DecisionPoint and Comamtech, the successor company of Copernic, Inc. announced a reverse merger agreement on October 20, 2010. Copernic has entered various agreements to divest all of its operating businesses, resulting in $3.5 million cash and installment payments due of $5.4 million, or a total of $8.9 million of mainly cash and receivables which will be transferred into Comamtech; and currently outstanding shares of Copernic will be exchanged one-for-one for new publicly traded shares in Comamtech. After the merger, the resulting legal entity will be named DecisionPoint Systems, Inc. and it is intended that the merged company will apply to have its common stock listed on the Nasdaq Capital Market. The entire management team of DecisionPoint will become the management team of the merged company.
Terms of the merger agreement call for Comamtech to acquire all of the outstanding common shares of DecisionPoint at an exchange ratio of 1 Comamtech share for every 8 DecisionPoint outstanding common shares held by shareholders, for a total issuance of approximately 4.2 million common shares. Outstanding warrants, options and preferred shares will be converted at the same ratio. The merged company is anticipated to have approximately 6.3 million basic common shares outstanding and 7.4 million fully diluted shares outstanding. DecisionPoint shareholders are expected to retain approximately 71% of the new company's outstanding shares on a fully diluted basis. The transaction is intended to be a tax free exchange for Federal income tax purposes. Subject to shareholder approval of both companies as well as other customary closing conditions and regulatory approvals, the transaction is expected to close during the fourth quarter.
For further details please refer to the formal announcement made on October 20, 2010.
About DecisionPoint Systems, Inc.
DecisionPoint Systems, Inc. (OTCBB: DNPI) delivers improved productivity and operational advantages to its clients by helping them move their business decision points closer to their customers. They do this by making enterprise software applications accessible to the front-line worker anytime, anywhere. DecisionPoint utilizes all the latest wireless, mobility, and RFID technologies. For more information on DecisionPoint Systems visit http://www.decisionpt.com/news.php.
Under The Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties are described in the Company's periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectation.
Company Contact:
Nicholas R. Toms - NJ Office
Chief Executive Officer
T: 973-290-0100 ext 110
ntoms@decisionpt.com
Investor Relations Contact:
Stephanie Prince/Jody Burfening
Lippert/Heilshorn & Associates
T: 212-838-3777
sprince@lhai.com
Source: Marketwire (October 26, 2010 - 8:05 AM EDT)
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Mainland Resources, Inc. Completes a Key Casing Stage and Enters the Final Phase of Drilling on its Buena Vista Haynesville Shale Prospect
Mainland Resources, Inc. Completes a Key Casing Stage and Enters the Final Phase of Drilling on its Buena Vista Haynesville Shale Prospect
Oct. 26, 2010 (PR Newswire) --
HOUSTON -- Mainland Resources, Inc. (the "Company" or "Mainland") (OTC Bulletin Board: MNLU, Frankfurt: 5MN) updates the progress of drilling operations at its Burkley-Phillips No.1 well on its Buena Vista Prospect located in Jefferson County Mississippi:
As of October 25, 2010, the Burkley-Phillips No.1 well was drilled and cased to a depth of 17,872 feet. Wireline logs and mud logs have identified potential gas productive intervals in the Hosston formation. The Company cautions that a determination of commercial reserves in the Hosston formation will require a further analysis of porosity within these gas-bearing zones.
To date, the well has encountered numerous mud log derived gas hydrocarbon shows of various qualities suggesting the presence of an active hydrocarbon source and effective migration into hydrocarbon bearing intervals within the Buena Vista structure.
The Burkley-Phillips No.1 well is currently drilling at 17,900 feet and the forward plan calls for the drilling operations to proceed through the Cotton Valley and Haynesville intervals to the programmed total depth of 22,000 feet.
Nick Atencio, CEO, states "Setting this string of casing was a key milestone in the progress of the well. Although we set this current string of casing above the originally programmed depth, we have a wellbore now with prospective zones protected by casing, which will facilitate drilling through the Cotton Valley and Haynesville to the programmed Total Depth. It is also very encouraging to encounter zones with apparent hydrocarbon charge. This supports our geologic model which envisioned a viable hydrocarbon source and effective hydrocarbon migration and trapping mechanisms."
Management will continue to provide updates as milestone events are reached on the well.
About Mainland Resources, Inc.
Mainland Resources, Inc. is a company engaged in the exploration of oil and gas resources. The Company's current initiatives are focused on the acquisition and development of leases in emerging gas regions with the potential for discoveries including the Haynesville shale.
Symbol:
MNLU – OTCBB, Symbol: 5MN; Frankfurt, WKN No.: A0ND6N
Contact:
Investor Relations (USA)
Toll-Free North America +1-877-662-3668 begin_of_the_skype_highlighting +1-877-662-3668 end_of_the_skype_highlighting
Investor Relations (Europe)
Tel. +49-69-7593-8408 begin_of_the_skype_highlighting +49-69-7593-8408 end_of_the_skype_highlighting
SAFE HARBOR STATEMENT -THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS." STATEMENTS IN THIS NEWS RELEASE WHICH ARE NOT PURELY HISTORICAL ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS REGARDING THE PROPOSED MERGER OR ANY OTHER FUTURE EVENT.
FORWARD-LOOKING STATEMENTS ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT ARE PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS "ESTIMATE," "ANTICIPATE," "BELIEVE," "PLAN" OR "EXPECT" OR SIMILAR STATEMENTS ARE FORWARD-LOOKING STATEMENTS. RISKS AND UNCERTAINTIES FOR THE COMPANY INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH OIL AND GAS PROPERTY EXPLORATION AND FUNDING AS WELL AS THE RISKS SHOWN IN THE COMPANY'S MOST RECENT ANNUAL REPORT ON FORM 10-K AND ITS QUARTERLY REPORTS ON FORM 10-Q, AND FROM TIME-TO-TIME IN OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE COMPANY. OTHER RISKS INCLUDE RISKS ASSOCIATED WITH THE REGULATORY APPROVAL PROCESS, COMPETITIVE COMPANIES, FUTURE CAPITAL REQUIREMENTS AND THE COMPANY'S ABILITY AND LEVEL OF SUPPORT FOR ITS EXPLORATION ACTIVITIES. THERE CAN BE NO ASSURANCE THAT THE COMPANY'S EXPLORATION EFFORTS WILL SUCCEED AND THE COMPANY WILL ULTIMATELY ACHIEVE COMMERCIAL SUCCESS. THESE FORWARD-LOOKING STATEMENTS ARE MADE AS OF THE DATE OF THIS NEWS RELEASE, AND THE COMPANY ASSUMES NO OBLIGATION TO UPDATE THE FORWARD-LOOKING STATEMENTS, OR TO UPDATE THE REASONS WHY ACTUAL RESULTS COULD DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS. ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS, EXPECTATIONS AND INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE REASONABLE, THERE CAN BE NO ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS WILL PROVE TO BE ACCURATE. INVESTORS SHOULD CONSIDER ALL OF THE INFORMATION SET FORTH HEREIN AND SHOULD ALSO REFER TO THE RISK FACTORS DISCLOSED IN THE COMPANY'S PERIODIC REPORTS FILED FROM TIME-TO-TIME WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION.
THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. EACH OF FINRA, THE SEC AND THE BRITISH COLUMBIA SECURITIES COMMISSION NEITHER APPROVES NOR DISAPPROVES OF THE CONTENTS OF THIS NEWS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.
IMPORTANT ADDITIONAL INFORMATION WILL BE FILED WITH THE SEC
The Company and American Exploration Corporation intend to file certain materials with the United States Securities and Exchange Commission in connection with the proposed merger transaction between the parties announced on March 23, 2010, including the filing by the Company with the SEC of a Registration Statement on Form S-4, which will include a preliminary prospectus and related materials to register the securities of the Company to be issued in exchange for securities of American Exploration. The Registration Statement will incorporate a joint proxy statement/ prospectus that the Company and American Exploration plan to file with the SEC and mail to their respective stockholders in connection with obtaining stockholder approval of the proposed merger. The Registration Statement and the proxy statement/prospectus will contain important information about the Company, American Exploration, the merger and related matters. Investors and security holders are urged to read the Registration Statement and the proxy statement/prospectus carefully when they are available. Investors and security holders will be able to obtain free copies of the Registration Statement and the proxy statement/prospectus when they become available, and other documents filed with the SEC by the Company and American Exploration, through the web site maintained by the SEC at www.sec.gov. The Company's security holders will also receive information at an appropriate time on how to obtain these documents free of charge from the Company. In any event, documents filed by the Company with the SEC may be obtained free of charge by contacting the Company at: Mainland Resources, Inc.; Attention: Mr. William Thomas, CFO; 21 Waterway Avenue, Suite 300, The Woodlands, Texas 77380; Facsimile: (713) 583-1162.
Each of the Company and American Exploration, and their respective directors and executive officers, also may be deemed to be participants in the solicitation of proxies from their respective stockholders in connection with the transaction described herein. Information regarding the special interests of these directors and executive officers in the transaction described herein will be included in the proxy statement/prospectus described above.
SOURCE Mainland Resources, Inc.
Mainland Resources, Inc. Investor Relations (USA), Toll-Free North America, 1-877-662-3668 begin_of_the_skype_highlighting 1-877-662-3668 end_of_the_skype_highlighting, or Investor Relations (Europe), +49-69-7593-8408 begin_of_the_skype_highlighting +49-69-7593-8408 end_of_the_skype_highlighting
Source: PR Newswire (October 26, 2010 - 8:01 AM EDT)
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Alto Group Holdings Announces Operations Managers Have Joined the Management Team to Begin Gold Production
Alto Group Holdings Announces Operations Managers Have Joined the Management Team to Begin Gold Production
Oct. 26, 2010 (Marketwire) --
NEW YORK, NY -- (Marketwire) -- 10/26/10 -- Alto Group Holdings, Inc. (OTCBB: ALTO) ("Alto Group" or the "Company"), an innovative mining and commodities trade company headquartered in New York, announces additional members have joined the management team to begin gold production.
The newest operations team members are listed as follows:
Steven Gorin
Mr. Gorin has been a great asset to the Mining Industry for 12 years, moving over from the Heavy construction, Oil & Gas Industry. Mr. Gorin formed several of his own Nevada Corporations spanning over 12 years ago and has been very successful in consulting, mine tech support as well as developing his own gold projects. Mr. Gorin's experience has taken him to four foreign countries including the Ivory Coast of West Africa. Mr. Gorin's specialty is developing "high grade gold" targets within Placer and Lode gold situations, using high tech geo-physical methodologies to determine gold potential (mine modeling) and reserves. Mr. Gorin is fully experienced in facilitating, coordinating and setting up the necessary infrastructure, Mine development, Gold recovery processing equipment, rolling stock and excavation or underground engineering.
Gregory Daniel Klok
Mr. Klok has over 10 years of mining operations experience and is one of the Co-founders of Consolidated Mining Inc, a company formed to research and mine precious minerals and develop business opportunities globally. Since the 1990s he has been involved in mining operations internationally including Mexico, Peru, Colombia, West Africa and North America. He has managed placer and hard rock mining operations, completed major infrastructure work and managed a work force of over 60 people during the production phase of several mining operations. His mission is to manage teams of people to research unexplored remote properties for diamonds, gold and other precious minerals and metals throughout the world.
Mr. Klok speaks fluent Spanish as well as some French.
Brad Saint John
Mr. Saint John started buying & selling gold and diamonds in Kenya, East Africa. His company, Precious Metals & Stones Trading Company (TSAB), expanded into areas such as Zaire, Zambia, CAR, and throughout Africa. He studied and worked with the Kenya Mines and Geology department, where he became skilled in the commercial processing of placer and hard rock gold.
In 1995, he started a "Semi-Industrial Gold Mining Company" named AMV ltd., opening three small-scale alluvial camps in the Kangaba region of Mali. In time, a large scale semi-industrial mine was implemented at Balakomana, located in southern Mali. The initial build-out and studies took about ten months and encompassed a pay-roll of over a hundred, including many professionals: geologists, metalurlogists, mining engineers, etc. The profits from the Balakomana Mine were reinvested into concession rights for Korindji/Yahera (Kayes region of Mali), and subsequent extensive geological studies.
Brad speaks fluent French as well as expanding his abilities with the Bambara language.
Michael Watson
Mr. Watson has played management roles with several international marketing companies from the early 1980s through 1999 until partnering with Brad R. St. John and forming St. Watson Mining Company, Inc. in 2008. Mr. Watson has a host of business expertise, specifically in management, negotiations, and advancing business relations on an executive level. He has a long history of success as an officer and director in several fields within real estate development, construction, and finance. He has taken his successful business experiences to his clients by creating financial freedom seminars and offered one on one financial advisement services.
Mr. Watson has personally secured, developed and built major tribal relationships which have resulted in extensive mineral holdings in Sierra Leone, West Africa.
President and CEO Mark Daniel Klok stated, "I am proud to announce that we have recently added some talented individuals into the company's management team. These individuals have been assembled to help the company move into production which has been mandated to begin within the next 60 days. We anticipate making several acquisition announcements concerning near term production projects within the 4th quarter of 2010 fiscal year. These events have marked an important step toward the transition of the company to becoming a producer of gold and other commodities near term."
Please visit the company website for details on projects at www.altomines.com
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the most recent fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
ON BEHALF OF THE BOARD
Alto Group Holdings, Inc.
- - - - - - - - - - - - -
Mark Daniel Klok
President and CEO
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Contact:
Kevin A. Mercuri
Propheta Communications
212-901-6914 begin_of_the_skype_highlighting 212-901-6914 end_of_the_skype_highlighting Ext. 701
Email Contact
Source: Marketwire (October 26, 2010 - 8:01 AM EDT)
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GHN Agrispan Signs $660,000 in New Contracts
GHN Agrispan Signs $660,000 in New Contracts
Total of Three New Contracts Anticipated to Enhance GHN's Catering
Division Revenues by an Aggregate of $660,000 Over the Next Year
Oct. 26, 2010 (Business Wire) -- GHN Agrispan Holding Company (OTCBB: GHNA), an emerging company engaged in China’s high-growth prepared foods industry, today announced that it has signed $660,000 worth of new catering contracts in China.
According to the agreements, GHN Agrispan will provide high quality catering services for each of its three new customers for approximately 2,000 aggregate employees. Two of the three contracts are for terms of six months, while the third contract is for a one-year term. The clients represent various industries and enterprises in mainland China.
“We are pleased to sign three additional contracts for a combined $660,000,” said Ms. Xu Yizhen, CEO of GHN Agrispan. “Following the recent announcement of our $720,000 contract last week, these contracts will further enhance our catering division revenues over the next year, as we make additional inroads in China’s high-growth prepared food and catering industries.”
As per the specific terms of the new catering contracts, GHN Agrispan will supply a combination of meat dishes, vegetable dishes, soups and/or late night meals to round out its all-natural and healthy catering services. The three agreements expire in February, April and August of 2011, respectively, but may be terminated earlier by either party in the event of breach.
“GHN Agrispan looks forward to expanding the reach of our services while our sales team continues to execute on our enhanced growth initiatives,” added Ms. Xu.
For more information on specific terms of these three new agreements, please refer to GHN Agrispan’s recently filed 8-K by searching for the filing on the SEC website at www.sec.gov, or by navigating directly to the 8-K using the following link: http://www.sec.gov/Archives/edgar/data/1472688/000101968710003787/ghn_8k.htm
About GHN Agrispan Holding Company
Based in Xiamen City, China, GHN Agrispan Holding Company (OTCBB: GHNA) is an emerging Chinese operating company engaged in the high-growth prepared foods industry in China. GHN Agrispan has positioned itself to capitalize on the demands of China’s bourgeoning middle class for healthy food products that are free of toxins and pollutants, as well as the China’s booming catering industry which is currently experiencing growth in the double digits. GHN Agrispan’s catering group is recognized as one of the most reputable catering services in Xiamen. The company places a strong emphasis on food safety, selling its premium products and services to target clients including US Fortune 500 companies, European multi-national firms, as well as established Chinese private enterprises and government institutions such as banks and schools. In addition, the output from the GHN Agrispan’s fresh fruit, vegetables and other planting bases is purchased by major national supermarkets and first-tier wholesalers in developed cities throughout China.
For more information please visit the website for GHN Agrispan’s wholly-owned subsidiary, Yidong Group: www.ghnagrispan.com/en.
Forward-Looking Statements
This release contains "forward-looking statements" for purposes of the Securities and Exchange Commission's "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 and Rule 3b-6 under the Securities Exchange Act of 1934. These forward-looking statements are subject to various risks and uncertainties that can affect GHN Agrispan’s operating results, liquidity and financial condition or otherwise cause GHN Agrispan’s actual results to differ materially from those forecasted. Such factors include risks associated with economic, weather, public health and other factors affecting consumer spending, including negative changes to consumer confidence and other recessionary pressures, higher energy and labor costs, the successful implementation of GHN Agrispan’s growth strategy, including the ability of GHN Agrispan to finance its expansion plans and the mix and pricing of goods sold. The identified risk factors and other factors and risks that may affect GHN Agrispan’s business or future financial results are detailed in its filings with the Securities and Exchange Commission. These cautionary statements qualify all of the forward-looking statements GHN Agrispan makes herein. GHN Agrispan cannot assure you that the results or developments anticipated by it will be realized or, even if substantially realized, that those results or developments will result in the expected consequences for it or affect it, its business or its operations in the way it expects. GHN Agrispan cautions you not to place undue reliance on these forward-looking statements, which speak only as of their respective dates. GHN Agrispan does not undertake an obligation to update or revise any forward-looking statements to reflect actual results or changes in the GHN Agrispan’s assumptions, estimates or projections.
Company Contact:
GHN Agrispan Holding Company
Kenneth Ma, Executive Director
+86-136-660-1113
or
Financial Communications Contact:
Trilogy Capital Partners
Darren Minton, President
Toll-free: 800-592-6067
info@trilogy-capital.com
Source: Business Wire (October 26, 2010 - 8:01 AM EDT)
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Cryo-Cell Announces Industry-Exclusive Agreement With MedTech For Solutions, Inc. Group Purchasing Organization
Cryo-Cell Announces Industry-Exclusive Agreement With MedTech For Solutions, Inc. Group Purchasing Organization
Company to Offer Cryology RTS(R) and Other Cryo-Cell Services to Specialized Member Network of 115 Reproductive Medicine Practices and Their Patients
Oct. 26, 2010 (GlobeNewswire) --
DENVER, Oct. 26, 2010 (GLOBE NEWSWIRE) -- Cryo-Cell International, Inc. (OTCBB:CCEL) (the "Company"), one of the world's largest and most established family cord blood banks and global stem cell innovators, today announced at the annual meeting of the American Society of Reproductive Medicine (ASRM) that the Company has formalized an industry-exclusive agreement with MedTech For Solutions, Inc., a Group Purchasing Organization (GPO) representing a member network of 115 practices specializing in reproductive medicine, which operates in conjunction with The Broadlane Group. The Company will offer Cryology RTS®, a new reproductive tissue storage service for cryopreserved embryos, oocyctes and sperm, along with other Cryo-Cell services, to the GPO practice members and their patients at discounted fees.
"We are very proud to partner with Cryo-Cell International to offer high quality and competitively priced reproductive tissue storage, along with other Cryo-Cell services, to our GPO's expansive and fast-growing member network," stated Dwight P. Ryan, MedTech For Solutions President and CEO. "Our partnership with Cryo-Cell is expected to provide GPO practice members and their patients with the opportunity for substantial, savings and compelling value-added benefits from a globally-recognized industry leader."
The MedTech For Solutions GPO enables practices to recognize significant savings on all medical, pharmacy, laboratory, capital equipment and office purchasing needs. MedTech for Solutions' Laboratory Solutions consulting division is devoted to optimizing ART laboratories operations and improving clinical outcomes. Additionally, MedTech provides practice development, recruitment and risk management services.
Cryo-Cell is expected to be the industry-exclusive service provider to MedTech's GPO member network for reproductive tissue storage and other biological tissue cryopreservation services such as the Company's signature U-Cord® umbilical cord blood stem cell preservation service; CelleSM menstrual stem cell service; and Protect Baby, Protect MomSM, the premium healthcare bundle.
"We are very pleased to partner with MedTech For Solutions, Inc. to provide the Company's new reproductive tissue storage service, Cryology RTS, along with other Cryo-Cell services to this premier GPO practice network and their patients," stated Mercedes A. Walton, Cryo-Cell's Chairman and Chief Executive Officer. "We anticipate that our industry-exclusive agreement with MedTech For Solutions, a GPO representing nearly one-quarter of the U.S. reproductive medicine practices, may potentially provide a high-value and single-source solution for a vast sector of reproductive medicine clients with current and future biological tissue cryogenic storage needs."
It is estimated that ten percent of couples in the U.S. have difficulty conceiving and fertility services are estimated to be a $4 billion industry. There is no cost for medical practices to join the MedTech for Solutions GPO. Cryology RTS is expected to be generally available in early 2011.
About MedTech for Solutions, Inc.
MedTech For Solutions offers a full range of services to specialty medical practices, with emphasis on ART practices and their laboratory components. MedTech For Solutions GPO provides practices significant savings of for all medical, pharmacy, laboratory, capital equipment and office purchasing needs. Their Laboratory Solutions consulting division is dedicated to working with practices to assist in the building of new laboratories, establishing and implementing state-of-the-art embryology practices, optimizing ART laboratories operations and improving clinical outcomes. Additionally, MedTech practice development, recruitment and risk management services. For more information, visit www.MedTech4Solutions.com.
About Cryo-Cell International, Inc.
Based in Oldsmar, Florida, with nearly 215,000 clients worldwide, Cryo-Cell is one of the largest and most established family cord blood banks. ISO 9001:2008 certified and accredited by the AABB, Cryo-Cell operates in a state-of-the-art Good Manufacturing Practice and Good Tissue Practice (cGMP/cGTP)-compliant facility. In November 2007, the Company launched Celle (pronounced "C-L"), the world's first-ever commercial service allowing women to cryopreserve their own menstrual stem cells. Cryo-Cell is a publicly traded company. OTC Bulletin Board Symbol: CCEL. Expectant parents or healthcare professionals may call 1-800-STOR-CELL (1-800-786-7235) or visit www.cryo-cell.com.
About Celle
The CelleSM service was introduced in November 2007 as the first and only service that empowers women to collect and cryopreserve menstrual flow containing undifferentiated adult stem cells for future utilization by the donor or possibly their first-degree relatives in a manner similar to umbilical cord blood stem cells. For more information, visit www.celle.com.
About Cryology RTS
Cryology RTS will offer high quality and competitively priced reproductive tissue cryopreservation services including short and longer-term storage; transportation coordination between facilities; and special quarantine storage for infectious disease positive specimens. For more information visit, www.CryologyRTS.com
Forward-Looking Statement
Statements wherein the terms "believes", "intends", "projects", "anticipates", "expects", and similar expressions as used are intended to reflect "forward-looking statements" of the Company. The information contained herein is subject to various risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated in such forward-looking statements or paragraphs, many of which are outside the control of the Company. These uncertainties and other factors include the success of Cryo-Cell in providing GPO practice members and their clients with substantial potential savings and compelling valued-added benefits, whether the agreement with MedTech For Solutions actually provides Cryo-Cell the ability to serve as a high-value and single-source solution for a vast sector of reproductive medicine clients with current and future biological tissue cryogenic storage needs and those risks and uncertainties contained in risk factors described in documents the Company files from time to time with the Securities and Exchange Commission, including the most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and any Current Reports on Form 8-K filed by the Company. The Company disclaims any obligations to subsequently revise any forward-looking statements to reflect events or circumstances after the date of such statements.
CONTACT: Stern Investor Relations
Investors
Julia Avery
212-362-1200
julia@sternir.com
Cryo-Cell International, Inc.
Media Inquiries
Wendi Lee
813-749-2153
wlee@cryo-cell.com
Source: Globe Newswire (October 26, 2010 - 8:01 AM EDT)
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Tombstone Exploration to Receive and Review ZTEM Report
Tombstone Exploration to Receive and Review ZTEM Report
Oct. 26, 2010 (Marketwire) --
PHOENIX, AZ -- (Marketwire) -- 10/26/10 -- Tombstone Exploration Corp. (OTCBB: TMBXF) today announced that its management will be meeting with the Geotech Ltd. technical staff to receive and review the 2D ZTEM Report for the Tombstone Mining District.
Alan Brown, President and CEO of Tombstone Exploration, commented, "We are expecting this report to interpret signatures that are consistent with major mineral deposits, such as porphyry copper or Resolution style deposits. The analysis will extend to a depth of over 5,000 feet. The interpretation of the data is complex and has taken a considerable amount of time to receive and we are anxious to review the results."
It has recently been reported that a major international mining company has commenced drilling on land within one mile of Tombstone's Land Claims.
The Company also announces that it has recently updated its website. To view, please go to: www.tombstonemining.com.
Tombstone Exploration Corporation (TMBXF) is focused primarily on exploration and development of mineral resources. Tombstone Exploration Corporation has the mineral rights to historical mining land in the areas around Tombstone, Arizona and is the largest landholder in the Tombstone Mining District. Tombstone also has the mineral rights to 1000 acres in Mineral County Nevada known as the Eagleville property. For more information on the Company, please visit www.tombstonemining.com.
FORWARD-LOOKING STATEMENTS
Statements contained herein that are not historical facts may be forward-looking statements within the meaning of the Securities Act of 1933, as amended. Forward-looking statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements are estimates only, as the Company has not completed the preparation of its financial statements for those periods, nor has its auditor completed the audit of those results. Actual revenue may differ materially from those anticipated in this press release. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to Tombstone Exploration Corporation's ability to obtain additional financing. Tombstone Exploration Corporation undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in Tombstone Exploration Corporation's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact Tombstone Exploration Corporation's success are more fully disclosed in Tombstone Exploration Corporation most recent public filings with the U.S. Securities and Exchange Commission.
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CONTACT:
Tombstone Exploration Corporation
Alan M. Brown
President
480-305-4507
480-452-0286 (fax)
Email Contact
www.tombstonemining.com
Investor Relations:
The Eversull Group, Inc.
Jack Eversull
972-571-1624
214-469-2361 (fax)
Email Contact
Source: Marketwire (October 26, 2010 - 8:00 AM EDT)
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Integrated Freight Launches New Company Website
Integrated Freight Launches New Company Website
Oct. 26, 2010 (Marketwire) --
SARASOTA, FL -- (Marketwire) -- 10/26/10 -- Integrated Freight Corporation (http://www.integrated-freight.com) (OTCBB: IFCR) announced today that it has launched a brand new version of its Company website at www.integrated-freight.com. This site is aimed at providing clients and investors with an up-to-date look at IFC's operations and achievements as it continues to execute on its nationwide acquisition strategy.
The updated website now provides details on IFC's shipping routes, points of operation, management team, press releases/SEC filings, employment listings, contact info and much more.
Paul Henley, CEO of Integrated Freight, stated, "As both a rapidly growing nationwide shipping operation and a new publicly traded company, it is essential that we keep all interested individuals up-to-date on every aspect of IFC. Whether someone is inquiring about using our long-haul services, investing in our stock, or searching out employment opportunities, www.integrated-freight.com will be a portal for all things Integrated Freight."
Integrated Freight is a Sarasota, Florida headquartered motor freight company providing long-haul, regional and local service to our customers. The Company specializes in dry freight, refrigerated freight and haz-waste truckload services, operating primarily in well-established traffic lanes in the upper mid-West, Texas, California and the Atlantic seaboard. Integrated Freight was formed for the purpose of acquiring and consolidating operating motor freight companies. The Company completed its third acquisition in May of 2010 and recently reported second quarter revenues of $6.7M.
The foregoing press release contains forward-looking statements, including statements regarding the company's expectation of its future business and earnings, subject to the safe-harbor provisions for forward-looking statements provided in the Securities Exchange Act and the regulations thereunder. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the company's control. Actual results could differ materially from these forward-looking statements.
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Investor Relations Contact:
The Eversull Group, Inc.
Jack Eversull
President
972-571-1624
214-469-2361 (fax)
Email Contact
Source: Marketwire (October 26, 2010 - 8:00 AM EDT)
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U.S. Precious Metals Announces Results from Drill Hole # 7
U.S. Precious Metals Announces Results from Drill Hole # 7
Oct. 26, 2010 (Business Wire) -- U.S. Precious Metals, Inc. (OTCBB: USPR – USPR.OB) today released the assay results for drill hole LS10-007. The company drilled 11 holes as part of its 2010 drilling program, 7 of which targeted the southern extension of the Main Zone and 4 targeted the northern extension of the Main Zone.
This hole is the last of the 7 drill holes that targeted the southern extension of the Main Zone. These 7 holes have identified an additional mineral rich quartz sulfide vein network, with gold, silver and copper values. Mineralization was intercepted at various depths from near surface to over 200 meters below the surface in the southern extension of the Main Zone. The, quartz sulfide stockwork, which is the host rock for mineralization, trends east and west of our recent drilling in this area and remains open on both ends and at depth for additional drilling.
Drill hole LS10-007 was drilled to a total depth of 200 meters at -60°. It intersected, the first zone of mineralization beginning at 15.5 meters at depth and continuing to 28.7 meters. A second interval of interest was intersected at 45.5 to 48 meters and a third interval from 70.5 to 72 meters, also intersected mineralization. Drill hole LS10-007 provided the highest concentration of gold, silver and copper at selected depths than the prior six drill holes in the southern extension of the Main Zone.
The company anticipates that it will release the results of the remaining drill holes, once assay results have been received from ALS Chemex, target the northern extension of the Main Zone and are the final results in the Company’s 2010 drilling program.
The table immediately below provides the assay results for the primary zone of mineralization from 15.5 meters to 28.7 meters. See data for the entire drill hole follows the table immediately below all assay results were provided by ALS Chemex.
Assay Results 15.5 to 28.7 Meters - Drill Hole LS10-007
SAMPLE Au g/t Ag g/t Cu % Depth in meters
LS10-007-01 0.18 6 0.314 15.5-16
LS10-007-02 15.65 64.1 1.35 16-17
LS10-007-03 28.8 111 3.66 17-18
LS10-007-04 5.03 31.3 0.914 18-19
LS10-007-05 4.63 17.2 0.217 19-20
LS10-007-06 0.11 0.8 0.011 20-21
LS10-007-07 0.05 0.9 0.029 21-21.50
LS10-007-08 7.45 56.3 1.17 22.50-23
LS10-007-09 27.3 197 4.38 23-24
LS10-007-10 1.85 3 0.056 24-25
LS10-007-11 3.59 68.3 1.685 25-26
LS10-007-12 12.9 71.5 2.42 26-27
LS10-007-13 6.97 40.2 0.461 27-28
LS10-007-14 1.2 5.5 0.19 28-28.7
Total Assay Results – Drill Hole LS10-007
SAMPLE Recvd Wt. Au Ag Ag Cu Depths
DESCRIPTION kg g/t g/t g/t % meters
LS10-007-01 1.02 0.18 6 0.314 15.5-16
LS10-007-02 1.82 15.65 64.1 1.35 16-17
LS10-007-03 2.62 28.8 >100 116 3.66 17-18
LS10-007-04 2.44 5.03 31.3 0.914 18-19
LS10-007-05 2.3 4.63 17.2 0.217 19-20
LS10-007-06 1.94 0.11 0.8 0.011 20-21
LS10-007-07 0.9 0.05 0.9 0.029 21-21.50
LS10-007-08 0.88 7.45 56.3 1.17 22.50-23
LS10-007-09 2.06 27.3 >100 197 4.38 23-24
LS10-007-10 1.84 1.85 3 0.056 24-25
LS10-007-11 1.92 3.59 68.3 1.685 25-26
LS10-007-12 2.06 12.9 71.5 2.42 26-27
LS10-007-13 2.24 6.97 40.2 0.461 27-28
LS10-007-14 1.44 1.2 5.5 0.19 28-28.70
LS10-007-15 1.08 0.93 2.9 0.068 35.50-36
LS10-007-16 2.04 0.02 0.8 0.006 36-37
LS10-007-17 2.28 0.03 1.4 0.032 37-38
LS10-007-18 1.34 0.12 2.9 0.097 38-38.50
LS10-007-19 1.22 0.05 0.8 0.013 39.50-40
LS10-007-20 1.7 0.16 2.2 0.053 40-41
LS10-007-21 2.06 0.01 0.3 0.004 42-43
LS10-007-22 2.14 0.02 1.3 0.097 43-44
LS10-007-23 1.02 2.82 17.4 0.626 45.50-46
LS10-007-24 2.8 3.44 62 1.17 46-47
LS10-007-25 2.08 0.18 17.3 0.185 47-48
LS10-007-26 1.82 0.05 3.7 0.054 48-49
LS10-007-27 1.22 0.01 0.3 0.003 50.50-51
LS10-007-28 1.86 0.03 2.1 0.051 51-52
LS10-007-29 2.04 0.01 1.8 0.051 52-53
LS10-007-30 1.8 0.02 2.8 0.01 53-54
LS10-007-31 1.48 2.96 26 1.24 70.50-71
LS10-007-32 1.58 5.13 13.4 0.398 71-72
LS10-007-33 1.5 0.01 0.3 0.004 112-113
LS10-007-34 2.02 0.6 2.5 0.121 113-113.90
LS10-007-35 2 0.01 0.2 0.002 138-139
LS10-007-36 2.22 0.01 5.5 0.109 139-140
LS10-007-37 1.96 <0.01 0.3 0.001 140-141
LS10-007-38 1.94 <0.01 0.2 0.001 141-142
LS10-007-39 1.16 <0.01 0.6 0.012 142-142.60
Dave Burney, Geo. the President, oversaw and supervised the exploration programs and Mr. Burney is the Managing Director for the Mexican subsidiary.
About U.S. Precious Metals, Inc.:
USPR is a precious metal exploration company headquartered in Lithia, Florida and operating in Mexico through its Mexican subsidiary, U.S. Precious Metals de Mexico, S.A. de C.V. USPR owns significant exploration and exploitation rights to approximately 37,000 acres of land in Michoacán, Mexico. USPR’s common stock is quoted on the OTC Bulletin Board under the symbol “USPR.”
Statements contained herein that are not based upon current or historical fact are forward-looking statements. Such forward-looking statements relate to future events and future operating results, performance, prospects and opportunities. The use of terms such as "anticipate," "believe," "estimate," "plan," "intend" and "expect" and similar expressions, as they relate to USPR, or its management, identify forward-looking statements. These forward-looking statements are based on information currently available to USPR and USPR's current plans, intentions and expectations and include statements regarding the potential of the Mexican concessions . Forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause USPR's actual results, performance, prospects and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, our ability to raise the funding necessary to retain the professionals necessary to execute our plan and the other factors, including risk factors, discussed in ours Annual Report on Form 10-K for the fiscal year ended May 31, 2010, filed with the U.S. Securities and Exchange Commission on September 14, 2010 as well as the quarterly 10-Q Reports filed during the last three quarters of fiscal year 2010. Except as required by the Federal securities law, USPR does not undertake any obligation to revise or update any forward-looking statements contained herein after the date hereof
U.S. Precious Metals, Inc.
Jack Wagenti, 407-566-9310
Chairman of the Board
http://www.usprgold.com
Source: Business Wire (October 26, 2010 - 8:00 AM EDT)
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MiMedx Group Announces Third Quarter Results
MiMedx Group Announces Third Quarter Results
Oct. 26, 2010 (PR Newswire) --
MARIETTA, Ga. -- MiMedx Group, Inc. (OTC Bulletin Board: MDXG), an integrated developer, manufacturer and marketer of patent protected biomaterial-based products, announced today its results for the third quarter ended September 30, 2010.
Results for Third Quarter Ended September 30, 2010
The Company recorded revenues during the quarter of approximately $108,000, as compared to $0 revenue for the same period in 2009 and $322,000 in the second quarter of this year. The Company recorded a net loss of $2.9 million, or $0.05 per diluted common share, for the quarter, as compared to a net loss of $4.5 million, or $0.11 per diluted common share, for the same period in 2009 and a net loss of $2.7 million, or $0.04 per diluted common share, in the second quarter of 2010. Stockholder's equity as of September 30, 2010, was $5.7 million, compared to $6.1 million as of December 31, 2010, and $2.5 million as of September 30, 2009.
Parker H. "Pete" Petit, Chairman and CEO, stated, "The Company continues to make substantial progress on commercializing its two biomaterials, HydroFix™ and CollaFix™. The year to date revenues from our first HydroFix™ product introduced earlier this year have exceeded $500,000; however, our third quarter results did not meet management's expectations due primarily to a shortfall in our European sales. European revenues were impacted by an unexpected illness and family medical problem experienced by our European sales representative, which resulted in almost six weeks of downtime that could not be covered by our U.S. based staff due to critical local priorities. In addition, our European revenues were also impacted by a delay in anticipated additional European regulatory approval."
"On a positive note," Mr. Petit continued, "for the second successive quarter, the number of HydroFix™ implants has more than doubled in the U.S., which demonstrates that physicians are using our product. Based upon current near-term revenue projections, the Company has decided to raise at least one more round of financing to take us through to what we hope will be our EBITDA breakeven point in 2011. The Company expects to raise $5 million through the issuance of common stock and warrants through a Private Placement offering. The Company intends to use the funds for working capital purposes, including, without limitation, to support expansion of our distribution channels and to fund our product development and regulatory approval processes."
Bill Taylor, President and COO commented, "We remain extremely positive on the potential of our two bio-materials, HydroFix™ and CollaFix™. There are a number of products in the regulatory pipeline that are expected to serve as catalysts for 2011 revenue growth. Additionally, in the third quarter, we added three new sales representative groups in the U.S., and outside of the U.S. we added one new distributor."
Earnings Call
MiMedx management will host a live broadcast of its second quarter conference call on October 26, 2010, beginning at 10:30 a.m. eastern time. A listen-only simulcast of the MiMedx Group conference call will be available online at the Company's website at www.mimedx.com or at www.earnings.com. A 30-day online replay will be available approximately one hour following the conclusion of the live broadcast. The replay can also be found on the Company's website at www.mimedx.com or at www.earnings.com.
About the Company
MiMedx Group, Inc. ("MiMedx Group") is an integrated developer, manufacturer and marketer of patent protected biomaterial-based products. The Company is emerging from a development-focused start-up into a fully integrated operating company with an experienced team poised to capitalize on its science and technology. Our mantra is "Repair, don't replace" because our biochemists, engineers, designers and physicians believe it is better to augment repair when possible rather than replace traumatized, but otherwise healthy tissues and structures. Our platform technologies, HydroFix™ and CollaFix™, have a vast number of potential applications in treating traumatized tissue and structures and we are focused on commercializing multiple applications of both technologies. In parallel, we are seeking strategic relationships, in selective categories, to more rapidly commercialize our technologies. HydroFix™ and CollaFix™ are trademarks of MiMedx Group, Inc.
Safe Harbor Statement
This press release includes statements that look forward in time or that express management's beliefs, expectations or hopes. Such statements are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, the amount of money the Company expects to raise through the issuance of common stock and warrants, the expected EBITDA breakeven point in 2011 and the impact on 2011 revenues from the Company's products that are in the regulatory pipeline. These statements are based on current information and belief, and are not guarantees of future performance. Among the risks and uncertainties that could cause actual results to differ materially from those indicated by such forward-looking statements include that the Company may not be successful in raising its intended amount of capital through a private placement, that the timing of the offering may be delayed, that unanticipated events may prevent the Company from using the proceeds of the offering for the intended purpose, that to survive and achieve its goals the Company may require additional capital beyond the amount raised in the offering referenced in this release, which may be difficult or impossible to obtain, that the Company may not receive requisite regulatory clearances and/or approvals to be able to market a full range of products or that such clearances or approvals may be delayed, that cost reductions may not be sustained or be sufficient to enable the Company to achieve profitability, that the Company may not be able to establish an effective distribution system for its products in the U.S. or abroad, that the Company's products may not gain the anticipated acceptance in the marketplace or that acceptance may be delayed, and the risk factors detailed from time to time in the Company's periodic Securities and Exchange Commission filings, including, without limitation, its 10-K filing for the fiscal year ended December 31, 2009. By making these forward-looking statements, the Company does not undertake to update them in any manner except as may be required by the Company's disclosure obligations in filings it makes with the Securities and Exchange Commission under the federal securities laws.
MIMEDX GROUP, INC. AND SUBSIDIARIES
(A DEVELOPMENT STAGE ENTERPRISE)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
Period from
Inception
Three Months Ended
September 30,
Nine Months Ended
September 30,
(November 22, 2006)
through
2010
2009
2010
2009
September 30, 2010
REVENUES:
Net Sales
$ 108,027
$ -
$ 544,956
$ -
$ 545,757
OPERATING COSTS AND EXPENSES:
Cost of products sold
539,697
-
1,355,210
-
1,355,450
Research and development expenses
842,929
949,281
2,168,043
2,200,168
10,907,879
Acquired in-process research and development
-
-
-
-
7,177,000
Selling, General and Administrative expenses
1,579,259
1,457,965
5,121,933
4,621,295
25,765,940
Gain on sale of assets
-
-
-
-
(275,428)
LOSS FROM OPERATIONS
(2,853,858)
(2,407,246)
(8,100,230)
(6,821,463)
(44,385,084)
OTHER INCOME (EXPENSE), net
Financing expense associated with issuance of
common stock for registration rights waivers
-
(1,305,100)
-
(1,305,100)
(1,305,100)
Financing expense associated with warrants issued
in connection with convertible promissory note
-
(683,416)
-
(683,416)
(975,833)
Net interest (expense) income, net
(584)
(90,814)
(592,866)
(146,124)
(222,496)
Change in fair value of investment,
related party
-
-
-
-
(41,775)
LOSS BEFORE INCOME TAXES
(2,854,442)
(4,486,576)
(8,693,096)
(8,956,103)
(46,930,288)
Income taxes
-
-
-
-
-
NET LOSS
(2,854,442)
(4,486,576)
(8,693,096)
(8,956,103)
(46,930,288)
Accretion of redeemable common stock and
common stock with registration rights
to fair value
-
-
-
-
(2,158,823)
Loss attributable to common shareholders
$ (2,854,442)
$ (4,486,576)
$ (8,693,096)
$ (8,956,103)
$ (49,089,111)
Net loss per common share
Basic and diluted
$ (0.05)
$ (0.11)
$ (0.15)
$ (0.23)
Shares used in computing net loss per common share
Basic and diluted
61,049,942
41,576,491
57,874,093
39,803,573
See notes to condensed consolidated financial statements
MIMEDX GROUP, INC. AND SUBSIDIARIES
(A DEVELOPMENT STAGE ENTERPRISE)
CONDENSED CONSOLIDATED BALANCE SHEETS
ASSETS
September 30,
2010
December 31
(unaudited)
2009
Current assets:
Cash and cash equivalents
$ 428,493
$ 2,653,537
Accounts receivable, net
259,476
-
Inventory
117,821
30,920
Prepaid expenses and other current assets
123,669
121,277
Total current assets
929,459
2,805,734
Property and equipment,
net of accumulated depreciation of $1,286,038
and $948,445, respectively
861,189
1,049,597
Goodwill
857,597
857,597
Intangible assets, net of accumulated amortization of $1,965,623
and $1,464,674, respectively
4,096,377
4,597,326
Deferred financing costs
-
192,627
Deposits and other long term assets
102,500
189,202
Total assets
$ 6,847,122
$ 9,692,083
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable and accrued expenses
$ 1,143,645
$ 629,349
Total current liabilities
1,143,645
629,349
Long term convertible debt, face value $3,472,000, less unamortized
discount of $550,748 and including accrued interest of $69,604 (December)
-
2,990,856
Total liabilities
1,143,645
3,620,205
Commitments and contingency (Notes 4 and 9)
-
-
Stockholders' equity:
Preferred stock; $.001 par value; 5,000,000
shares authorized and 0 (September and December) shares
issued and outstanding
-
-
Common stock; $.001 par value; 100,000,000 shares authorized;
and 61,770,931 (September) and 50,002,887 (December) shares issued;
61,720,931 (September) and 49,952,887 (December) shares outstanding
61,771
50,003
Additional paid-in capital
54,767,409
46,454,482
Treasury stock (50,000 shares at cost)
(25,000)
(25,000)
Deficit accumulated during the development stage
(49,100,703)
(40,407,607)
Total stockholders' equity
5,703,477
6,071,878
Total liabilities and stockholders' equity
$ 6,847,122
$ 9,692,083
See notes to condensed consolidated financial statements
SOURCE MiMedx Group, Inc.
Michael Senken, +1-678-384-6720
Source: PR Newswire (October 26, 2010 - 7:30 AM EDT)
News by QuoteMedia
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Aethlon Medical Announces the Appointment of Miriam Provost as Its U.S. Regulatory Advisor
Aethlon Medical Announces the Appointment of Miriam Provost as Its U.S. Regulatory Advisor
Oct. 26, 2010 (PR Newswire) --
SAN DIEGO -- Aethlon Medical, Inc. (OTC Bulletin Board: AEMD), the pioneer in developing therapeutic filtration devices to address infectious disease and cancer, announced today that it has retained Miriam C. Provost, Ph.D. of the Biologics Consulting Group, Inc. to be the company's U.S. regulatory advisor.
(Photo: http://photos.prnewswire.com/prnh/20090325/LA88762LOGO-b)
(Photo: http://www.newscom.com/cgi-bin/prnh/20090325/LA88762LOGO-b)
Miriam has over 13 years of experience with the Food and Drug Administration (FDA), Center for Devices and Radiological Health (CDRH), where she was the Deputy Director for Science and Engineering Review in the Office of Device Evaluation (ODE). The Office of Device Evaluation is responsible for the review and approval of all medical devices in the U.S., with the exception of in vitro diagnostic devices. Miriam had oversight for policy development for all premarket applications and was the chief office signatory for guidance documents, 513(g)s and classification/reclassification actions. She played a leading role in combination product policy development for CDRH and was responsible for CDRH recommendations regarding jurisdictional decisions (RFDs).
Prior to her role as ODE deputy director, she served as deputy director and, for a period of time, acting director of the Division of General, Restorative and Neurological Devices in ODE. She had responsibility and oversight for premarket applications (including 510(k)s, IDEs, PMAs and HDEs) for general and plastic surgery devices, neurology devices and orthopedic and restorative devices. Miriam has also served as acting branch chief in the Division of Cardiovascular Devices and prior to that, she was a reviewer in the Division of Reproductive, Abdominal and Radiological Devices where she was an expert scientific reviewer in the area of dialysis and extracorporeal membrane devices.
She has received numerous awards at the FDA, including the Commissioner's Special Citation, the FDA Engineer of the Year award and the FDA Scientific Achievement Award for Excellence in Review Science.
"I cannot think of a more qualified person than Miriam to help guide and implement our regulatory strategies in the United States," stated Aethlon Chairman and CEO, Jim Joyce. "Her unique insight, which has been garnered from leadership roles at FDA, will increase the likelihood that our clinical proposals are both reasonable and executable from a regulatory perspective."
In 2007, Miriam left the FDA to become a regulatory consultant and joined Biologics Consulting Group, Inc. in November 2008, where she serves as a Senior Consultant for Medical Devices. She holds a B.S. in Chemical Engineering from the University of Dayton and M.S. and Ph.D. degrees in Chemical Engineering from the University of Pennsylvania.
About Aethlon Medical
At Aethlon Medical, we create revolutionary devices to address infectious disease and cancer. Our devices are designed to be novel platform solutions that fill therapeutic voids or aid in disease diagnosis and monitoring.
Our Hemopurifier® is the first medical device to selectively target the removal of infectious viruses and immunosuppressive proteins from the entire circulatory system. We recently discovered that our Hemopurifier® captures tumor-secreted exosomes that suppress the immune system of those afflicted with cancer. Prior to this discovery, a therapeutic strategy to directly inhibit or reverse the immunosuppressive destruction caused by exosomes did not exist in cancer care. By eliminating this mechanism, we believe our Hemopurifier® can fill an unmet clinical need and provide the benefit of an immune-based therapy without adding drug toxicity or interaction risks to established and emerging treatment strategies.
Human studies have documented the ability of our Hemopurifier® to safely reduce viral load in both Hepatitis-C virus (HCV) and Human Immunodeficiency Virus (HIV) infected patients without the administration of antiviral drugs. However, our initial clinical and commercialization focus is to establish our Hemopurifier® as an adjunct therapy to enhance the benefit of both infectious disease and cancer treatment regimens. In this regard, we plan to commercialize our Hemopurifier® in India as we advance our clinical strategies in the United States and the European Union. In vitro studies conducted by government and non-government research institutes have also verified that our Hemopurifier® has broad-spectrum capabilities against bioterror and emerging pandemic threats. These studies have confirmed the capture of Dengue Hemorrhagic Virus, Ebola Hemorrhagic Virus, Lassa Hemorrhagic Virus, West Nile Virus, H5N1 Avian Influenza Virus, 2009 H1N1 Influenza Virus, the reconstructed Spanish Flu of 1918 Virus, and Monkeypox Virus, which serves as a model for human Smallpox infection.
As a therapeutic device, the Hemopurifier® provides us with a pipeline into four significant market opportunities:
Cancer: A treatment candidate to improve patient responsiveness to established cancer therapies by removing immunosuppressive exosomes from circulation.
Hepatitis-C Virus (HCV): As an adjunct therapy to accelerate viral load reduction at the outset of standard of care drug regimens.
Human Immunodeficiency Virus (HIV): Provides a potential therapeutic option for HIV-infected individuals to manage disease progression once they become resistant to antiviral drug regimens.
Bioterror and Pandemic Threats: Represents the most advanced broad-spectrum strategy to address untreatable bioterror and emerging pandemic threats.
The Hemopurifier® is an expansive multi-patented platform technology whose mechanism of action can be leveraged to provide therapeutic, diagnostic, and biomarker discovery solutions. As a therapeutic, the Hemopurifier® is a single-use disposable cartridge designed for implementation within the established infrastructure of dialysis machines and other blood circulatory pumps already located in hospitals and clinics worldwide.
In design, our Hemopurifier® is a selective filtration device containing affinity agents that tightly bind to high-mannose structures unique to the surface of exosomes produced by cancer and glycoproteins residing on the envelope of viruses. These agents are immobilized around approximately 2800 porous hollow fibers that run the interior length of our device. The resulting design provides us the novel ability to separate both exosome and viral targets away from blood cells so they can then be selectively and permanently removed from the circulatory system. In application, blood circulation is established into the Hemopurifier® via a catheter or other blood access device. Once blood flow has been established, treatment benefit is immediate as the entire circulatory system can pass through the Hemopurifier® in as little as 15 minutes.
Our wholly owned subsidiary, Exosome Sciences, Inc. (ESI) is focused on the development of exosome-targeted products and services that improve cancer diagnosis, provide post-treatment cancer surveillance, and aid in the discovery of biomarkers that allow doctors to optimize patient therapy. Additional information regarding Aethlon Medical and Exosome Sciences can be accessed online at www.aethlonmedical.com.
Certain of the statements herein may be forward-looking and involve risks and uncertainties. Such forward-looking statements involve assumptions, known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Aethlon Medical, Inc. to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Such potential risks and uncertainties include, without limitation, the capability of the Hemopurifier® to reduce viral loads and other disease conditions or to identify or treat disease conditions such as cancer, including the ability to capture exosomes and the impact that potential ability may have on disease conditions, the Company's ability to raise capital when needed, the Company's ability to complete the development of its planned products, the ability of the Company to obtain FDA and other regulatory approvals permitting the sale of its products, the ability to achieve commercialization in India as a result of the proposed treatment program at Medanta, The Medicity Institute, whether successful or not, the ability of the Hemopurifier® to improve the efficacy of SOC therapy against HCV, the Company's ability to manufacture its products either internally or through outside companies and provide its services, the impact of government regulations, patent protection on the Company's proprietary technology, product liability exposure, uncertainty of market acceptance, competition, technological change, and other risk factors. In such instances, actual results could differ materially as a result of a variety of factors, including the risks associated with the effect of changing economic conditions and other risk factors detailed in the Company's Securities and Exchange Commission filings.
Contacts:
James A. Joyce
Chairman, CEO
858.459.7800 x301
jj@aethlonmedical.com
John P. Salvador
Director, Communications & Investor Relations
858.459.7800 x307
jps@aethlonmedical.com
Jon Cunningham
RedChip Companies, Inc.
800.733.2447 x107
jon@redchip.com
SOURCE Aethlon Medical, Inc.
James A. Joyce, Chairman, CEO, +1-858-459-7800, ext. 301, jj@aethlonmedical.com, or John P. Salvador, Director, Communications & Investor Relations, +1-858-459-7800, ext. 307, jps@aethlonmedical.com, both of Aethlon Medical, Inc.; or Jon Cunningham of RedChip Companies, Inc., 1-800-733-2447, ext. 107, jon@redchip.com, for Aethlon Medical, Inc.
Source: PR Newswire (October 26, 2010 - 7:07 AM EDT)
News by QuoteMedia
www.quotemedia.com
BioNeutral Group's AutoNeutral? Selected by Luxury Transportation Companies
BioNeutral Group's AutoNeutral™ Selected by Luxury Transportation Companies
Premier Motorcoach Provider Visconti Limousine, Visconti Bus Service LLC and Leprechaun Lines Impressed with Test Results for AutoNeutral™ Odor Eliminator and AutoNeutral™ Multipurpose Cleaner
Oct. 26, 2010 (PR Newswire) --
NEWARK, N.J. -- BioNeutral Group, Inc. (OTC Bulletin Board: BONU), a specialty chemical technology-based life science company, announced today that it has completed successful testing of its AutoNeutral™ products with Visconti Limousines Inc., the established leader in premier motorcoach transportation in New York State's Hudson Valley and the northeastern United States. Visconti Limousines has established BioNeutral as a preferred vendor of choice.
Frederick J Visconti Jr., President and CEO, said, "We are very pleased with BioNeutral's competitive pricing and the quality of its products. We have been in the transportation business for over 30 years serving the public and along the way our company has used many different cleaning products and odor eliminators for obvious reasons. One, to keep our fleet up to par in a very competitive industry and two, preserve our customer base. BioNeutral's products did a remarkable job. We appreciate your contribution to the industry and look forward to continuing our business relationship."
Dr. Andy Kielbania, Chief Scientist of BioNeutral Group, Inc., said, "The results of these tests confirm the exceptional efficacy of our AutoNeutral Odor Eliminator and our AutoNeutral Multipurpose Cleaner. We are please that these luxury transportation companies recognize the positive features and benefits of our products."
AutoNeutral™ effectively eliminates the strongest odors including odors from smoke, pet odors, bodily fluids, spoiled food, and many others. Unlike air fresheners that only mask odor temporarily, this breakthrough liquid spray gets to the source of the odor by eliminating noxious chemicals and gases that create it. After eliminating odor, AutoNeutral replaces it with a fresh natural smell. BioNeutral's AutoNeutral product can be purchased from J-Man Distributors, Ltd.
About Visconti Limousines
Visconti Limousines Inc. was founded in 1997 providing transportation services with one vehicle. Today Visconti offers a wide variety of transportation options for is customer base. If you are looking for Airport transportation, charter services, Wedding vehicles ask a Visconti specialist. For more information, see http://www.viscontirides.com/profile/index.asp.
About Leprechaun Lines
Leprechaun Lines, Your Northeast Connection, the established leader in premier motorcoach transportation in New York State's Hudson Valley, offers motorcoaches for charter, commuter services and excursions to Atlantic City. Gateway Cities served include: New York, NY - Albany, NY - Boston, MA and Newark, NJ. For more information, see http://www.leprechaunlines.com/
About BioNeutral Group, Inc.
Headquartered at the New Jersey Institute of Technology/EDC in Newark, BioNeutral Group, Inc., is a technology-based life science company which has developed a technology platform that neutralizes harmful environmental contaminants, toxins and dangerous micro-organisms including bacteria, viruses, mold, fungi and spores. BioNeutral's products, Ygiene and Ogiene, kill germs and clean surfaces with a dramatic increase in speed and power over their rivals in the marketplace. BioNeutral's proprietary platform technology has been proven effective in surface, water and airborne applications. Its antimicrobial line of products under the Ygiene™ brand have been submitted to the EPA for approval for sale in the United States and has already been approved for sale in Germany and is permitted to be sold in the UK, France and Sweden. For more information, see www.bioneutralgroup.com. AutoNeutral is a Registered trademark of BioNeutral Group, Inc.
Forward-Looking Statements
This release contains certain "forward-looking statements" relating to the business of the Company and its subsidiary companies. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those described in the Company's filings with the Securities and Exchange Commission. BioNeutral routinely tests its formulations against those of its competitors. The results are published to let shareholders know how the Company's technology compares with known formulations in the market place. Any product claim for antimicrobial activity requires approval from the EPA or FDA, depending upon where and how the formulations are used. The EPA and FDA have not reviewed or confirmed the Company's data and findings. BioNeutral's antimicrobial formulations will be marketed under the brand name Ygiene(TM) and are not yet available for sale in the United States.
SOURCE BioNeutral Group, Inc.
CONTACT: Media, Richard Stern of Stern & Co., +1-212-888-0044, richstern@sternco.com, or Investor Relations, Brett Maas of Hayden IR, +1-646-536-7331, brett@haydenir.com, both for BioNeutral Group, Inc.; or Stephen J. Browand, President and CEO of BioNeutral Group, Inc., +1-973-286-2899, steve@bioneutralgroup.com
Source: PR Newswire (October 26, 2010 - 7:01 AM EDT)
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Attunity Schedules Earnings Release for Third Quarter, 2010
Attunity Schedules Earnings Release for Third Quarter, 2010
Oct. 26, 2010 (PR Newswire) --
BURLINGTON, Massachusetts, October 26, 2010 /PRNewswire-FirstCall/ -- Attunity, Ltd. (OTC Bulletin Board: ATTUF.OB), a leading provider of real-time data integration and event capture software, announced today that it will report third quarter 2010 operating results on Wednesday, November 10, 2010, before market open.
About Attunity
Attunity is a leading provider of real-time data integration and event capture software. Using our software solutions such as Attunity Connect, a real-time connectivity software, or Attunity Stream, our log-based, real-time change-data-capture software, Attunity's customers enjoy dramatic business benefits by driving down the cost of managing their operational systems, creating flexible, service-based architectures for increased business agility, and by detecting critical actionable business events, as they happen, for faster business execution.
Attunity has supplied innovative software solutions to its enterprise-class customers for nearly 20 years and has successful deployments at thousands of organizations worldwide. Attunity provides software directly and indirectly through a number of partners such as Microsoft, Oracle, IBM and HP. Headquartered in Boston, Attunity serves its customers via offices in North America, Europe, and Asia Pacific and through a network of local partners. For more information, visit http://www.attunity.com.
(c) 2010 Attunity Ltd. All rights reserved. Attunity is a trademark of Attunity Inc.
For more information:
Dror Elkayam, VP Finance
Attunity Ltd.
+972-9-899-3000
dror.elkayam@attunity.com
SOURCE Attunity Ltd
For more information: Dror Elkayam, VP Finance, Attunity Ltd., +972-9-899-3000, dror.elkayam@attunity.com
Source: PR Newswire (October 26, 2010 - 7:00 AM EDT)
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WebSafety Announces Coverage by Harbinger Research
WebSafety Announces Coverage by Harbinger Research
Oct. 26, 2010 (Business Wire) -- WebSafety, Inc. (OTCBB:WBSI), the leading provider of mobile and Internet safety technologies, today announced that Harbinger Research, LLC, an independent equity research firm, has issued a research report regarding WebSafety.
Brian R. Connell, CFA, a Harbinger Research Senior Analyst, stated, "We are thrilled to have a company such as WebSafety under research coverage, as we believe its shares hold extreme investment potential. WebSafety has developed innovative software that helps parents keep their children safe, by preventing them from texting and emailing while driving, and by alerting the parents to any of several thousand key words related to drugs, sexual abuse, pre-suicidal dialogue, and cyber-bullying. These are very real issues for tens of millions of Americans, representing a multi-billion dollar market opportunity for first-mover companies such as WebSafety.”
Harbinger Research covers a number of U.S. listed companies. To view Harbinger Research's initiation coverage on WebSafety, Inc. please click on the following link: http://www.harbingerresearch.com/link/13/257/WBSI
"We are very optimistic about the future growth of our company arising out of growing demand for an actionable solution to the increasing number of texting-while-driving accidents and social abuse for sub-teens and teenagers," said Rowland Day, Chief Executive Officer. "Now is the right time to help Wall Street and the U.S. investment community understands the exceptional value that our company represents, as we start a period of rapid growth, driven by increasing consumer and corporate demand for our market leading software applications."
About WebSafety, Inc.
WebSafety, Inc. is the leading provider of mobile and computer software solutions that help to prevent incidences of distracted driving as well as unlawful Internet behavior such as cyber predators, explicit or degrading texting and cyber-bullying. The mobile software works on the major wireless operating systems, including Android, Blackberry and Symbian and on all four of the major wireless carriers. The Irving, Texas-based company is also the creator of the “National Wireless Highway Safety Network,” which is driven to save lives. For more information, please visit www.mywebsafety.com.
About Harbinger Research, LLC
Harbinger Research is an independent equity research firm that employs a research team consisting entirely of CFA charter holders and follows a number of companies across a wide variety of industries. Harbinger Research makes all of its reports available through its website at http://www.harbingerresearch.com, and also distributes content through a variety of partners, including InvestorsInsight Publishing, and through most major financial portals.
Safe Harbor Statement
The information contained herein includes forward-looking statements. These statements relate to future events or to our future anticipated financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding the progress of new product development and market conditions. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in The People's Republic of China. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We do not intend to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act. In addition, please refer to the Risk Factor section of our 2009 Form 10-K filed with the Securities and Exchange Commission on April 15, 2010 and detailed in other reports filed with the Securities and Exchange Commission from time to time.
Rogers & Cowan for WebSafety, Inc.
Amanda Bialek, 310-854-8151
abialek@rogersandcowan.com
Source: Business Wire (October 26, 2010 - 7:00 AM EDT)
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ZalDiva Signs Contract - Implements Microsoft Complete Hardware and Software Systems
ZalDiva Signs Contract - Implements Microsoft Complete Hardware and Software Systems
System Configuration and Implementation Begins for Complete
Integration of Online and Physical Retail Store Sales
Oct. 26, 2010 (Business Wire) -- ZalDiva, Inc. (OTCBB: ZLDV), (Xetra/Frankfurt Exchange: UZ8), a specialty entertainment company and distributor of new and vintage Pop Culture collectibles, comic books and memorabilia, announces today that it has started the process to have all systems integrated for real time purchases, inventory control and reporting.
“This will integrate perfectly with the Pop Culture hub that our creative director, Pedram Shohadai is developing,” states Nicole Leigh, President of ZalDiva. “Once both projects are completed, they will merge together to build an incredible system.”
The components that are vital to this system which are being implemented are Microsoft Store Operations and Manager, Ordering Wholesale Manager, Shipping Modules for all levels, Inventory Value Script, Fusion Web Integration, Merchant processing, Product Feed API, Synchronization & Cross Authentication, Web Order Automation, POS Hardware and all supporting back office and hosting software/hardware.
In addition to selling ZalDiva products on the internet, security solutions are being engaged, integration of the POS system with accounting software and complete backup services will be needed to secure this online machine.
Once ZalDiva launches this, extensive marketing programs will commence. The anticipated launch should be within the next 30 – 60 days. Mr. Shohadai, with his artistic origins as a comic book penciler/inker for Marvel and Image Comics, is an invaluable addition to ZalDiva in helping evolve the ZalDiva Brand into a globally recognized and trusted icon in the Comics, Collectibles and Pop-Cultures.
About ZalDiva, Inc.
ZalDiva is a entertainment and distribution company, focusing its product orientation on the comic books and collectibles genre including classic, pop-culture and modern memorabilia. The company combines a highly visible brick and mortar location in Ft. Lauderdale, Florida with an e-commerce website and portal (www.ZalDiva.com) which operates in conjunction with a series of ancillary websites and online auctions. The key areas of interest are Comic Books, Statues, Action Figures, Graphic Novels and Collectibles.
For more information call Nicole Leigh @ 954-938-4133 or visit ZalDiva:
www.ZalDiva.com
ZalDiva's retail store location
eBay drop off location
fully licensed eBay location
Cascade Technologies Corporation Announces Appointment of Robert Chave as Chief Technologist
Cascade Technologies Corporation Announces Appointment of Robert Chave as Chief Technologist
Oct. 26, 2010 (Business Wire) -- Cascade Technologies Corp. (OTCBB: CSDT) announced today that Robert Chave, an experienced designer and developer of precision instruments with optical elements requiring high levels of precision in extreme circumstances of deployment, was appointed as the company’s Chief Technologist.
During his 15 years at the Jet Propulsion Laboratory (JPL), Robert Chave designed and developed instruments and sub-systems with opto-mechanical elements for the Mars Rovers, the James Webb and Hubble Space telescopes, and a U2 aircraft-based spectrometer for monitoring ozone degradation above the earth’s poles.
“Robert’s general talents and specific expertise are exceptionally well-suited for our research and development needs,” said Dr. Farkas, Chairman and CEO of Cascade Technologies Corp. “We feel fortunate that he is highly interested in the emerging field of advanced biomedical optical imaging. Having two JPL veterans as our Chief Scientist (Dr. Greg Bearman) and now Chief Technologist, respectively, puts us in a privileged position to build the unique medical devices enabling the exciting clinical applications we pursue,” continued Dr. Farkas.
Mr. Chave has a substantial record of achievement in advanced engineering. While at JPL, he was principal investigator on a NASA Advanced Technology Development Grant in Low Temperature Science and Engineering. This research led to the invention of a magnetostrictive super-fluid helium valve, linear and rotary low temperature actuators and related tools with significance for condensed matter physics, astronomy and cryosurgery. Robert was Visiting Research Faculty in the Department of Materials Science at Caltech. This work lead to 12 NASA New Technology awards to him personally and over 20 awards to authors on the project in total. In 2000 he founded RCAppP Inc., a contract design firm that designs, builds and calibrates instruments for clients and end users who have included the Office of Naval Research, the U.S. Departments of Energy, Defense, and Homeland Security, NASA, Los Alamos National Laboratories, Caltech, and the Smithsonian Observatory, as well as private corporations, such as the Idealabs family of companies.
Robert received his BSME, magna cum laude, from Tufts University; and an MSME in engineering design and material science, through the Polymer Processing Program at the Laboratory at MIT. Robert also worked in software development for robot kinematics at the Technical University of Berlin, and did contract research for Mettler Instrument (CH) at Stanford’s Design Division. He is the author of patents and articles on numerous devices involving advanced technologies, and is active with the Optical Society of Southern California and the Society of Photo-Optical Instrumentation Engineers (SPIE).
About Cascade Technologies Corporation
Cascade Technologies Corp., through its wholly-owned subsidiary Spectral Molecular Imaging, Inc. (SMI), is a development-stage medical imaging device company, applying its proprietary hyperspectral-optical imaging technology—originally developed for satellite reconnaissance—to advance the early and accurate diagnoses of cancer and precancerous conditions. SMI is developing non-invasive, high-resolution optical imaging systems using its patented technology and other proprietary knowhow for improved clinical diagnostics, primarily in the field of cancer pathology, by identification and analysis of certain molecular, cellular, and tissue features via hyperspectral-imaging approaches. We expect to provide services related to our primary products, including software modules and maintenance services, and to develop optical diagnostic products that operate in conjunction with surgical and/or evaluation procedures in real time. We believe that our technology will enable early detection and more reliable diagnosis of various diseases, such as melanoma, Barrett’s esophagus (a condition caused by chronic acid reflux that can lead to esophageal cancer) and lung cancer. We expect that medical devices using or based on our developed technology can significantly improve long-term patient outcomes and may substantially reduce overall costs for the healthcare system. For more information, please visit http://www.spectralmi.com.
Forward-Looking Statements
This news announcement contains or may contain certain "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may include, without limitation, statements regarding SMI's plans, objectives, projections, expectations and intentions and other statements identified by words such as "projects", "may", "could", "would", "should", "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Such forward-looking statements are subject to significant risks and uncertainties, including those detailed in filings made by Cascade Technologies Corp., SMI's parent, with the Securities and Exchange Commission. Accordingly we caution our readers that actual results may differ materially from our beliefs or expectations due to economic, business, competitive, market and regulatory factors. We assume no obligation or undertaking to update any forward-looking statements to reflect any changes in expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. You should, however, review additional disclosures we make in the reports filed with the Securities and Exchange Commission.
Cascade Technologies Corporation
Daniel L. Farkas, Ph.D.
310-858-1670
farkas@opmol.com
Source: Business Wire (October 26, 2010 - 6:00 AM EDT)
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Pacific Commerce Bank Announces Third Quarter 2010 Results with Steady Credit Improvement
Pacific Commerce Bank Announces Third Quarter 2010 Results with Steady Credit Improvement
Oct. 26, 2010 (Business Wire) -- Pacific Commerce Bank (OTCBB:PFCI), today announced its unaudited results of operations for the third quarter-ended September 30, 2010. The Bank reported a net loss of $61 thousand for the third quarter compared to net income of $22 thousand in the third quarter of 2009. Year-to-date, the Bank’s net income is $427 thousand, compared to a 2009 year-to-date net income of $194 thousand. On an “operating profit” basis (excluding provisions for loan losses, stock option expense and taxes), the Bank’s year-to-date operating profit was $1.62 million, versus a 2009 year-to-date operating income of $1.28 million.
Selected financials for the third quarter of 2010 versus the third quarter of 2009:
Total assets reduced by $11 million, or 6%, to $182.1 million;
Investment portfolio increased by $2 million, or 7.5%, to $32.2 million;
Gross loans reduced by $7.2 million, or 5%, to $141.6 million;
Allowance for Loan Losses increased by $700 thousand, or 21%, to $3.96 million, net of charge-offs and recoveries;
Total deposits reduced by $9.5 million, or 6%, to $158.7 million;
Non-performing loans reduced by $1 million, or 15%, to $6.2 million year-over-year; and
Year-to-date average cost of funds was 0.71%.
Selected other financial highlights as of September 30, 2010:
Liquidity, defined as cash, due from banks and investment securities, was $39 million;
Allowance for Loan Losses to Total Loans was 2.80% versus 2.19%, a year ago;
“Core” deposits account for 66% of total deposits;
Loans funded during the third quarter were $7.4 million.
The Bank has always been “well capitalized,” with September 30, 2010 capital ratios of:
FDIC “Well-Capitalized” Level
Tier 1 Capital Ratio: 9.53 % 5.00 %
Tier 1 Risk-Based Capital Ratio: 12.57 % 6.00 %
Total Risk-Based Capital Ratio: 13.84 % 10.00 %
Brian H. Kelley, President and Chief Executive Officer, commented, “We are generally pleased with the year-to-date results for the bank, which reflect a profit of $427,000 despite having funded $1,000,000 in additional loan loss reserves. We believe the bank is well reserved at this stage as we continue to make steady progress in addressing and reducing our problem loans.” He further indicated, “With our core earnings (before reserves) up almost 27% over 2009, we are obviously having a good year from a revenue standpoint, largely by improving our operating margins and driving non-interest income from sources such as SBA loans sales.” He concluded, “We believe the bank is well positioned to grow in 2011 and seize opportunities as they come our way.”
Established in 2002, Pacific Commerce Bank is a community bank with offices in Downtown Los Angeles and West Los Angeles. Founded by local business owners and professionals, it is focused on meeting the diverse needs of those clients. It is publicly traded on the OTC Bulletin Board under the stock symbol PFCI. The bank offers small business loans, asset-based loans, permanent real estate financing, SBA government-guaranteed loans, as well as personal and professional credit lines. Information on the bank as well as a copy of the bank’s most recent newsletter and financial summary can be accessed through its website: “pacificcommercebank.com” or by calling between 9:00am and 5:00pm at 213-617-0082.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995:
The financial information in this press release is based on our unaudited financial results. Certain statements in this press release, including statements regarding the anticipated development and expansion of the bank's business, and the intent, belief, and current expectations of the bank, its directors, or its officers, are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Such forward-looking statements are subject to risks and uncertainties and therefore the bank's actual results may differ materially from those expressed or implied by such forward-looking statements. The risks and uncertainties that the bank is subject to include, but are not limited to, risks related to the local and national economy, including fluctuations in interest rates and costs and changes in economic policy; the ability of the bank to perform in accordance with its plans; competition; regulatory matters; and other risks detailed in its filings with the State of California Department of Financial Institutions and the Federal Deposit Insurance Corporation. The bank cautions readers not to place undue reliance on any forward-looking statements. The bank does not undertake, and specifically disclaims any obligation, to revise any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.
Pacific Commerce Bank
Selected Financial Data – Unaudited (000)
BALANCE SHEET 09/30/2010 09/30/2009 % Change
Total Assets $ 182,000 $ 193,000 -5.9 %
Total Investments $ 32,000 $ 30,000 7.5 %
Gross Loans $ 142,000 $ 149,000 -4.9 %
Total Deposits $ 159,000 $ 168,000 -5.7 %
Total Borrowings $ 3,500 $ 5,000 -30.0 %
Total Stockholders' Equity $ 18,900 $ 19,300 -2.0 %
Non-performing assets $ 6,200 $ 7,300 -14.5 %
Non-performing assets/Total Assets 3.42 % 3.76 % -9.1 %
For the Nine Months
Ended September 30,
STATEMENT OF OPERATIONS 2010 2010
Total Interest Income $ 6,255 $ 6,662 -6 %
Total Interest expense 914 1,676 -45 %
Net Interest Income 5,341 4,986 7 %
Non-Interest Income 1,051 725 45 %
Total Income 6,392 5,711 12 %
Non-Interest expense 4,777 4,434 8 %
Income Before Loan Loss Provision, Stock Options and
Income Tax Expenses
1,615 1,277 26 %
Provision for Loan Losses 1,000 1,180 -15 %
Stock Option Expense 72 98 -27 %
Income Tax Expense / (Benefit) 116 (195 ) 159 %
Net Income $ 427 $ 194 120 %
Pacific Commerce Bank
Richard Koh, EVP & Chief Financial Officer
213-617-0082
http://www.pacificcommercebank.com
Source: Business Wire (October 26, 2010 - 6:00 AM EDT)
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Michael Conboy, Representative of Luxor Capital, Joins Searchlight Minerals Corp. Board of Directors
Michael Conboy, Representative of Luxor Capital, Joins Searchlight Minerals Corp. Board of Directors
Oct. 26, 2010 (Marketwire) --
HENDERSON, NV -- (Marketwire) -- 10/26/10 -- Searchlight Minerals Corp. (OTCBB: SRCH) ("Searchlight," "SMC" or the "Company"), an exploration stage minerals company focused on precious metals projects in the southwestern United States, today announced that Michael Conboy has joined the Company's Board as an Independent Director.
Since 2003, Mr. Conboy has worked at Luxor Capital Group, LP, an investment management firm based in New York, New York, and currently serves as its Director of Research. Luxor Capital Group, LLC is one of the Company's principal stockholders. From 2000-2003, Mr. Conboy worked as a distressed investments analyst at ING, where he was actively involved in numerous restructurings. Since 2010, he also has served as the Chairman of the Board of Directors of CML Metals Corp., which is focused on redeveloping the Comstock/Mountain Lion iron ore mine in southwestern Utah. Mr. Conboy also serves as a director of Innovate Loan Servicing Corporation, a finance company focused on the subprime auto loan sector. Mr. Conboy earned his B.S. in Business Administration from Georgetown University.
"Our Board of Directors, following the addition of Mike Conboy, the resignation of Ian McNeil, and the recent untimely death of Harry Crockett, is now comprised of three independent directors out of our six Board members," stated Martin Oring, Interim Chief Executive Officer of Searchlight Minerals Corp. "This moves the Company closer towards its goal of largely independent governance at the Board level."
About Searchlight Minerals Corp.
Searchlight Minerals Corp. is an exploration stage company engaged in the acquisition and exploration of mineral properties and slag reprocessing projects. The Company holds interests in two mineral projects: (i) the Clarkdale Slag Project, located in Clarkdale, Arizona, which is a reclamation project to recover precious and base metals from the reprocessing of slag produced from the smelting of copper ore mined at the United Verde Copper Mine in Jerome, Arizona; and (ii) the Searchlight Gold Project, which involves exploration for precious metals on mining claims near Searchlight, Nevada. The Clarkdale Slag Project is the more advanced of two ongoing projects that the Company is pursuing. The Searchlight Gold Project is an early-stage gold exploration endeavor on 3,200 acres located approximately 50 miles south of Las Vegas, Nevada.
Searchlight Minerals Corp. is headquartered in Henderson, Nevada, and its common stock is listed on the OTC Bulletin Board under the symbol "SRCH." Additional information is available on the Company's website at www.searchlightminerals.com and in the Company's filings with the U.S. Securities and Exchange Commission.
Forward-Looking Statements
This Press Release may contain, in addition to historical information, forward-looking statements. Statements in this Press Release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" in the Company's periodic filings with the Commission. When used in this Press Release in discussing the recent developments on the Project, including, without limitation, the resolution of certain issues relating to the operation of the production module, the words such as "believe," "could," "may," "expect" and similar expressions are forward-looking statements. The risk factors that could cause actual results to differ from these forward-looking statements include, but are not restricted to technical issues on the Project that may affect the production module and its primary process components, challenges in moving from pilot plant scale to production scale, the risk that actual recoveries of base and precious metals or other minerals re-processed from the slag material at the Clarkdale site will not be economically feasible, uncertainty of estimates of mineralized material, operational risk, the Company's limited operating history, uncertainties about the availability of additional financing, geological or mechanical difficulties affecting the Company's planned mineral recovery programs, the risk that actual capital costs, operating costs and economic returns may differ significantly from the Company's estimates, uncertainty whether the results from the Company's feasibility studies and the results from the operation of the production module are not sufficiently positive for the Company to proceed with the construction of its processing facility, operational risk, the impact of governmental and environmental regulation, financial risk, currency risk volatility in the prices of precious metals and other statements that are not historical facts as disclosed under the heading "Risk Factors" in the Company's periodic filings with securities regulators in the United States. Consequently, risk factors including, but not limited to the aforementioned, may result in significant delays to the projected or anticipated production target dates.
Contact Information:
RJ Falkner & Company, Inc.
Investor Relations Counsel
(800) 377-9893
via email at Email Contact
Source: Marketwire (October 26, 2010 - 6:00 AM EDT)
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Coastal Pacific Announces Santa Rita Letter of Intent
Coastal Pacific Announces Santa Rita Letter of Intent
Oct. 26, 2010 (Marketwire) --
CALGARY, AB -- (Marketwire) -- 10/26/10 -- Coastal Pacific Mining Corp. (OTCBB: CPMCF) ("Coastal Pacific" or the "Company") is pleased to announce it has entered into a letter of intent with Mr. Hans Peter Flueck to enter into an option Agreement to earn a 50% interest in a group of claims known as the Santa Rita ("Property").
The Property is situated in the District of Acobambilla, Province of Huancavelica, Department of Huancavelica, in the Republic of Peru; approximately 200 km southeast of Lima.
The claims are centered on Universal Transverse Mercator coordinate system, Provisional South American Datum 1956, zone 18L, 456,480 meters East and 854,570 meters north. The mineralization occurs within the Jumasha Formation on the west limb of an important anticlinal structure striking northwest. Normal faults parallel to the fold axis have developed on both limbs producing the rugged topography observed in the area. The Jumasha Formation comprises massive to thick-bedded sequence of limestone inter-bedded with minor dolomites. It is an important formation in central Peru where it hosts skarn deposits.
A 43-101 Technical Report exists which refers to several vein mineralizations characterized by elevated silver, lead and zinc content with averages of 290 g/t, 65% and 7% respectively.
Based on the engineering report, the Santa Rita has open pit potential with an excess of 1,300,000 tons of mineralization identified with a current potential value of over $350,000,000, based on approximately $500 per ton head grade. It has wide veins and a surface manto which are attractive features of the Property. There is potential of a much larger manto underlying the one at surface, which could be immense in size.
Discussions with several accomplished geologists suggest that the existence of a much larger manto beneath the surface manto is quite likely, but further drilling would be required to confirm its existence.
Coastal Pacific's letter of intent will be open for 21 days, during which time the NI43-101 compliant technical report and other available information will be reviewed, and an option agreement to earn in 50% of the Santa Rita group of claims would be completed.
Mr. Bucci, President of Coastal, says, "This is exactly the type of asset that would serve to greatly enhance our portfolio, and has the potential to put the Company in positive cash flow in the near future, enhancing shareholder value."
About Coastal Pacific
Coastal Pacific activities are to explore, develop and mine gold and silver resources in North and South America. As its primary focus, Coastal Pacific will joint venture with companies having reserves to develop and produce. Currently the Company is in a joint venture agreement in Ontario, Canada.
Our philosophy is to participate with companies who are in the later stage of exploration and are ready for development. Gold and silver have been used as money for over 3,000 years. History has shown that in periods of market downturns gold and silver have proven to be a dependable hedge for investors against both inflation and any monetary crisis.
Cautionary note:
FORWARD-LOOKING STATEMENTS: "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements relating to the company's business activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations about the Company's business. Words such as expects, anticipates, intends, plans, believes, estimates and similar words and expressions are intended to identify such forward-looking statements. These statements involve risks that are difficult to evaluate. Actual results can vary from descriptions herein due to many factors including changes in metal prices and business conditions; changes in laws and regulations; problems encountered in exploration and obtaining permits; changes in the competitive environment; technological advances; shortages of skilled workers, drill rigs and equipment; the need for additional capital and other risks listed in the Company's Securities and Exchange Commission filings under "risk factors" and elsewhere. Forward-looking statements speak only as of the date they were made. The Company does not undertake any obligation to update forward-looking statements.
Contact:
Joesph Bucci
President
403.612.3001
joebucci@coastalpacificminingcorp.com
Coastal Pacific Mining Corp.
927 Drury Ave NE
Calgary, Alberta T2E 0M3
Web: www.coastalpacificminingcorp.com
For information: info@coastalpacificminingcorp.com
Source: Marketwire (October 26, 2010 - 6:00 AM EDT)
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ARI Announces Fiscal Year 2010 Earnings Release and Conference Call
ARI Announces Fiscal Year 2010 Earnings Release and Conference Call
ARI's CEO and Chairman to Discuss Fiscal Year 2010 Results
Oct. 26, 2010 (Business Wire) -- ARI (OTCBB:ARIS), a leading provider of technology-enabled services that help dealers, distributors and manufacturers in selected vertical markets enhance revenue and reduce costs, announced today that it will host a conference call to discuss results for its fiscal year ended July 31, 2010. The conference call is scheduled for Friday, October 29, 2010 at 4:30 PM Eastern Time. ARI will release its fiscal year 2010 earnings at 6:30 AM Eastern Time and file its SEC Form 10-K on that day.
To participate in the conference call, call 888.450.4823 or 719.785.5674 and enter the passcode 721489. A replay of this conference call and the information presented during the call will be available after 8:00 PM Eastern Time on November 1, 2010, at ARI’s website, www.arinet.com. Click on the “Company” link and select “Investors” to access the information.
About ARI
ARI (OTCBB:ARIS) is a leading provider of technology-enabled services that help dealers, distributors and manufacturers worldwide enhance revenues and reduce costs. We deliver our services, which include electronic parts catalogs, websites, and lead management solutions, to approximately 18,000 equipment dealers, 125 manufacturers, and 150 distributors in more than 100 countries worldwide. Our dealer, manufacturer, and distributor customers are focused in about a dozen vertical markets, with a core emphasis on outdoor power, power sports (including motorcycles), marine, recreation vehicles, and appliances. For more information on ARI, please visit the Company's website at www.arinet.com.
ARI Network Services, Inc.
Angela Salsman
Tel: (414) 973-4331
Fax: (414) 973-4620
Email: salsman@arinet.com
Source: Business Wire (October 26, 2010 - 6:00 AM EDT)
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Universal Detection Technology's Biological Detection Equipment Purchased by Its Distributor in China
Universal Detection Technology's Biological Detection Equipment Purchased by Its Distributor in China
WellCrown International Resources Represented UNDT at the 2010 China Fire Exposition
Oct. 26, 2010 (Marketwire) --
LOS ANGELES, CA -- (Marketwire) -- 10/26/10 -- Universal Detection Technology (www.udetection.com) (OTCBB: UNDT), a developer of early-warning monitoring technologies to protect people from bioterrorism and other infectious health threats, and provider of counter-terrorism consulting and training services, reported today that it has received a purchase order for its biological detection equipment from its distributor in China, WellCrown International Resources (WellCrown). WellCrown represented UNDT at the 2010 China Fire Exposition held in Beijing.
WellCrown International Resources Limited (www.wellcrowninternational.com) is a leading international supplier of sophisticated defense and security solutions and high-grade natural resources, as well as a diverse range of integrated services. The company is managed by a team of professionals with vast product knowledge and extensive service experience in relevant fields. WellCrown represented UNDT at the 2010 China Fire Exposition organized by the China Fire Protection Association. The exposition featured over 370 exhibitors from 36 countries.
Universal Detection Technology's biological weapon detection equipment is used extensively by first responders and private industries throughout the country. The equipment, including UNDT's 5 agent biodetection kit, certified by the U.S. Department of Homeland Security has been evaluated by the U.S. DoD as well as the United Kingdom military. UNDT also supplied its radiation detection equipment for the protection of sports venues at the 2009 Olympics in Beijing.
"The PO from WellCrown, as well as representation at the China Fire Expo, is part of our strategy of having international partners with established local connections represent UNDT," said Jacques Tizabi, CEO of Universal Detection Technology. "We anticipate that China will be a significant market for our products," continued Tizabi.
For more information, please visit www.udetection.com or email info@udetection.com.
About Universal Detection Technology
Universal Detection Technology is a developer of monitoring technologies, including bioterrorism detection devices. The Company on its own and with development partners is positioned to capitalize on opportunities related to Homeland Security. For example, the Company has developed a bacterial spore detector that detects certain biohazard substances. The Company is also a reseller of handheld assays used for detection of five bioterrorism agents, radiation detection systems, and antimicrobial products. For more information, please visit www.udetection.com.
Forward-Looking Statements
Except for historical information contained herein, the statements in this news release are forward-looking statements that involve known and unknown risks and uncertainties, which may cause the Company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
Company Contact:
Jacques Tizabi
310-248-3655
Email Contact
Source: Marketwire (October 26, 2010 - 5:00 AM EDT)
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Cord Blood America Updates Its Stem Cell Collection Business in China
Cord Blood America Updates Its Stem Cell Collection Business in China
Oct. 26, 2010 (PR Newswire) --
LAS VEGAS -- Cord Blood America, Inc. (http://www.cordblood-america.com) (OTC Bulletin Board: CBAI), the umbilical cord blood stem cell preservation company focused on bringing the life saving potential of stem cells to families nationwide and internationally, today announced its Chairman, CEO and co-founder, Matthew Schissler, has updated progress on the Company's stem cell collection business in China in an interview with analyst Francis Gaskins.
The entire interview is available at: http://gaskinsco.com/cbai-10-25-10.mp3.
In the interview, Mr. Schissler explains some changes to the structure of the transaction since the original announcement on March 31, 2010.
Several parties, including Cord Blood America, have formed a new company, China Stem Cells, Ltd., to oversee the project. Mr. Schissler will serve as President of the new company.
Cord Blood America will provide advisory and consulting expertise, proprietary technology and know-how on the processing and storage of stem cells, for which it will receive royalties and an equity stake. The new company already is completing a laboratory in China for stem cell storage, with storage expected to begin in late 2010 or early 2011. Plans are moving forward to build a larger laboratory in China within two years.
"This is a more cost effective, smoother process and it gives Cord Blood America a strategic footprint into the Far East," Mr. Schissler said. He explained that the Chinese are storing stem cells at rates faster than the U.S. and Europe.
About Cord Blood America
Cord Blood America is the parent company of CorCell, which facilitates umbilical cord blood stem cell preservation for expectant parents and their children. Its mission is to be the most respected stem cell preservation company in the industry. Collected through a safe and non-invasive process, cord blood stem cells offer a powerful and potentially life-saving resource for treating a growing number of ailments, including cancer, leukemia, blood, and immune disorders. To find out more about Cord Blood America, Inc., visit our website at http://www.corcell.com/. For investor information, visit http://www.cordblood-america.com/.
CONTACT:
Paul Knopick
E & E Communications
949/707-5365
pknopick@eandecommunications.com
SOURCE Cord Blood America, Inc.
Paul Knopick of E & E Communications, +1-949-707-5365, pknopick@eandecommunications.com, for Cord Blood America, Inc.
Source: PR Newswire (October 26, 2010 - 4:58 AM EDT)
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Bennie Peleman Joins ValidSoft as Vice President, Sales, EMEA
Bennie Peleman Joins ValidSoft as Vice President, Sales, EMEA
Oct. 26, 2010 (Marketwire) --
LONDON -- (Marketwire) -- 10/26/10 -- ValidSoft (www.validsoft.com), a global supplier of fraud prevention, authentication and transaction verification solutions and a subsidiary of Elephant Talk Communications, Inc. (OTCBB: ETAK) (www.elephanttalk.com), announced today that Bennie Peleman is joining the company as Vice President, Sales, Europe, the Middle East and Africa (EMEA).
"Bennie Peleman brings valuable experience and insight to the strategic sales process of ValidSoft. He is an exceptional, experienced professional with a significant achievement in growing organizations in competitive markets," stated Pat Carroll, Chief Executive Officer of ValidSoft. "We look forward to Bennie establishing ValidSoft as the premier provider of Fraud Prevention Software solutions to finance and government sectors across EMEA. Bennie will also be responsible for developing our Alliance Partner Channel strategy and he brings with him significant experience and a proven track record in this area."
Prior to joining ValidSoft, Mr. Peleman held senior roles such as 'Country Manager' and 'Senior Director Alliances, North and South of Europe' with Computer Associates, one of the world's market leaders in software technology. During his tenure there, he restructured the Belgian, Netherlands and Luxembourg entities while generating double-digit growth year-on-year. Over the last 15 years, Mr. Peleman has held several country management positions within start-ups, medium-sized and established software companies at an international level.
Mr. Peleman holds a BSc in Computer Sciences from RHITO in Antwerp and a Post Graduate in Marketing from EHSAL in Brussels.
About ValidSoft
ValidSoft is a subsidiary of Elephant Talk Communications, Inc. (OTCBB: ETAK), and is a market leader in providing solutions to counter electronic fraud relating to card, the internet, and telephone channels. ValidSoft's solutions are at the cutting edge of the market and are used to verify the authenticity of both consumers and institutions (Mutual Authentication), and the integrity of transactions (Transaction Verification) for the mass market, in a highly cost effective and secure manner, yet easy to use and intuitive. For more information please visit www.validsoft.com.
About Elephant Talk Communications
Elephant Talk Communications, Inc. (OTCBB: ETAK) is an international provider of business software and services to the telecommunications and financial services industry. The company enables both mobile carriers and virtual operators to offer a full suite of products, delivery platforms, support services, superior industry expertise and high quality customer service without substantial upfront investments from clients. Elephant Talk provides global telecommunication companies, mobile network operators, banks, supermarkets, consumer product companies, media firms, and other businesses a full suite of products and services that enables them to fully provide telecom services as part of their business offerings. The company offers various dynamic products that include remote health care, credit card fraud prevention, mobile internet ID security, multi-country discounted phone services, loyalty management services, and a whole range of other emerging customized mobile services. For more information visit www.elephanttalk.com.
Forward-Looking Statements
Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements with respect to the Company's plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of the Company may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. Additional information concerning certain risks and uncertainties that could cause actual results to differ materially from that projected or suggested is contained in the Company's filings with the Securities and Exchange Commission (SEC), copies of which are available from the SEC or may be obtained upon request from the Company.
Contact:
ValidSoft
Claire Hope
Manager PR & Marketing
Tel: + 44 020 31708125
Email Contact
Investors:
Alliance Advisors, LLC
Thomas P. Walsh
Tel: + 1 212-398-3486
Email Contact
Source: Marketwire (October 26, 2010 - 4:00 AM EDT)
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PHILand Ranch Updates Implementation Schedule for Pointe91 Development Project
PHILand Ranch Updates Implementation Schedule for Pointe91 Development Project
Oct. 26, 2010 (Marketwire) --
FRANKFURT, GERMANY and LOS ANGELES, CA -- (Marketwire) -- 10/26/10 -- PHIGroup, Inc. (OTCBB: PHIE) announced today that its subsidiary PHILand Ranch Ltd., a company engaged in the development of master-planned communities, residential and commercial properties, hospitality and healthcare services in Vietnam and Southeast Asia (WKN A0RPEA) (FRANKFURT: 1P8) (XETRA: 1P8), has submitted an updated implementation schedule to the Chu Lai Open Economic Zone Authority for its Pointe91 development project at Bien Rang, Chu Lai, Quang Nam Province, Vietnam.
According to the updated execution plan, the company plans to complete the relocation program for the remaining seven households still residing on the allotted land parcel by the end of November 2010 and to begin construction of Phase One at Pointe91, which includes the entry gate, the guardhouse, the sales office, and model homes, by Christmas 2010. Phase Five, which is the final phase for the Pointe91 project, is scheduled to be completed by Christmas 2013 to precede the anticipated inauguration of the new expressway along the Quang Nam Province's coastal corridor that connects Chu Lai and Hoi An, the UNESCO-designated tourist destination 40 miles north of Pointe91.
The 120-acre Pointe91 development is located on an exclusive and majestic bluff overlooking the South China Sea with rocky shores that extend to the north and sandy beaches southward. Encompassed by a diverse topography, Pointe91 will offer exclusive luxury accommodations including 227 grand private residences in seven separate communities, an exclusive five-star beach hotel and spa with 180 rooms and 30 detached premium residences that will be part of a private residence club, a marina, hiking and walking trails, an outdoor amphitheater, pristine beaches, farmers' market and other pleasurable amenities.
Henry Fahman, Chairman of PHILand Ranch, said, "We look forward to completing major milestones for the Pointe91 project in the coming months, taking into account all the important aspects including aesthetics, culture, technicalities, and economics to ensure a lasting success. We are also grateful to Marc Townsend, Managing Director of CBRE Vietnam, for providing us with up-to-date market information which is very instrumental for our continued development, sales and marketing efforts in Vietnam."
About PHILand Ranch Ltd.
PHILand Ranch Limited, a United Kingdom corporation, is engaged in the development of master-planned communities, residential and commercial properties, hospitality and healthcare services in Vietnam and the growing economies of Southeast Asia. The company is currently developing Pointe91 in Bien Rang, Chu Lai, Quang Nam Province, Central Vietnam through its wholly owned Vietnam-based subsidiary PHILand Vietnam Ltd. The Company has also entered into agreements with local Vietnamese partners to co-develop other commercial, residential, industrial and hospitality projects. PHILand Ranch's stock is traded on the Frankfurt Stock Exchange: 1P8.F, WKN A0RPEA. Website: www.PHILandranch.com.
About PHIGroup, Inc.
PHIGroup (OTCBB: PHIE) provides M&A advisory and consulting services, develops real estate and natural resources and invests in special situations. PHIGroup, which specializes in raising capital and helping take companies public, is developing PHILand Ranch, one of the largest master planned communities in Vietnam. This project includes Pointe91, a luxury resort and premium residential community in Quang Nam province in central Vietnam (www.PHILandranch.com). PHIGroup is also engaged in mining activities through its majority-owned subsidiary PHI Mining Group, Inc. (www.phimining.com). Website: www.phiglobal.com.
Contact:
Daniel St. John
Director and Corporate Strategist
PHILand Ranch Ltd.
Tel: +1-714-843-5453
Email: daniel.stjohn@phiglobal.com
Source: Marketwire (October 26, 2010 - 4:00 AM EDT)
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Small Cap Stocks GSLO, AFLB & TRYLF
Small Cap Stocks GSLO, AFLB & TRYLF
Oct. 26, 2010 (M2 Communications Ltd.) --
Boston, MA — GoSolarUSA (PINKSHEETS: GSLO); A5 Laboratories Inc. (A5 Labs) (OTCBB: AFLB); Teryl Resources Corp. (TSX VENTURE: TRC) (OTCBB: TRYLF)
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Company News: GSLO President Returns from China with 100 ApplePeel 520 Units
NEW ORLEANS - Oct. 26, 2010 - GoSolarUSA (PINKSHEETS: GSLO) President and CEO Tyson Rohde returned to the U.S. from China this week, bringing 100 demonstration models of the ApplePeel 520 back with him.
GoSolarUSA closed at $0.48 Monday, trading 360,371 shares.
About GoSolarUSA, Inc.
GoSolarUSA primarily identifies and develops new solar energy technologies in the United States. We believe this not only creates high-quality jobs in America, but it ensures the quality and availability of our products. GSLO is endeavoring to advance clean American solar technology to compete in an energy industry that includes stalwarts such as First Solar (NASDAQ:FSLR). GoSolarUSA is a US registered and reporting OTCQB market tiercompany. For more information, please visit www.GoSolarUSA.com.
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Company News: A5 Laboratories Inc. Signs Partnership Agreement for the Production of Interferon Products
MONTREAL, QUEBEC - Oct. 26, 2010 - A5 Laboratories Inc. (A5 Labs) (OTCBB: AFLB) today announced the signing of a binding agreement with a European-based Institute of Microbiology for the production of interferon products.
A5 Laboratories Inc. closed at $0.41 Monday, trading 152,690 shares.
About A5 Labs
A5 Labs is a contract research based organization servicing the pharmaceutical and biotechnology companies in North America. The company utilizes its research capabilities to license and acquire novel biotechnology products for development and commercialization. More information about the Company is available at its corporate website at www.a5labs.com.
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Company News: Teryl Resources Stakes 23 Mineral Claims in the Kahiltna Terrane in Alaska
VANCOUVER, BRITISH COLUMBIA - Oct. 26, 2010 - Teryl Resources Corp. (TSX VENTURE: TRC) (OTCBB: TRYLF) is pleased to announce that 23 mineral claims have been staked, and recorded, as of October 26, 2010. The 23 mineral claims are adjacent to the Kiska Metals Corp. mineral claim block.
Teryl Resources Corp. closed at $0.154 Monday, trading 20,000 shares.
About Teryl Resources
With interests in four gold properties, Teryl Resources Corp. is one of the main landowners in the Fairbanks Mining District, Alaska. The Gil project is a joint venture with Kinross Gold Corporation (TSX: K; NYSE: KGC) (80% Kinross/20% Teryl). To date USD $9 million has been expended on exploration by Kinross and Teryl on the Gil joint venture claims. A USD$1.5 million budget has been approved for 2010. The Company’s other Alaska holdings also include the Fish Creek Claims, 50% optioned from Linux Gold Corp. (OTC BB: LNXGF); the Stepovich Claims, where Teryl has a 10% net profit interest from Kinross; and a 100%-interest in the West Ridge property. For further information visit the Company’s website at http://www.terylresources.com.
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Stora Enso Interim Review January-September 2010
Stora Enso Interim Review January-September 2010
Oct. 27, 2010 (GlobeNewswire) --
HELSINKI, Finland, Oct. 27, 2010 (GLOBE NEWSWIRE) -- STORA ENSO OYJ INTERIM REVIEW 27 October 2010 at 09.00 EET
Stora Enso Interim Review January-September 2010
Profits nearly doubled year-on-year - another strong quarterly performance
* EUR 255 million quarterly operating profit excluding NRI and fair valuations, up year-on-year by EUR 124 million driven mainly by improved product mix, prices and volumes;
* Quarterly operating profit margin excluding NRI and fair valuations increased year-on-year to 10% (6%), ROCE excluding NRI and fair valuations 12% (7%);
* Quarterly EPS excluding NRI improved year-on-year to EUR 0.23 (0.12) and CEPS excluding NRI to EUR 0.40 (0.29);
* Quarterly cash flow from operations and cash position strong at EUR 304million and EUR 1 121 million respectively; Debt/equity ratio improved quarter-on-quarter to 0.43 (0.49), net debt reduced to EUR 2 445 million;
* Market outlook remains generally favourable, but pressure on variable costs, seasonal demand weakness in some products and maintenance stoppages are expected to decrease fourth quarter earnings quarter-on-quarter;
* Stora Enso is acquiring 51% of the Chinese packaging company Inpac International operating in China and India.
Summary of Third Quarter Results
---------------------------------------------------------------------
Q3/10 Q2/10 Q3/09
---------------------------------------------------------------------
Sales EUR 2 623.6 2 692.2 2 231.0
million
---------------------------------------------------------------------
EBITDA excl. NRI and fair EUR 365.8 329.8 255.9
valuations million
---------------------------------------------------------------------
Operating Profit excl. NRI EUR 255.0 212.9 131.5
and Fair Valuations million
---------------------------------------------------------------------
Operating profit/loss (IFRS) EUR 276.9 215.6 -502.6
million
---------------------------------------------------------------------
Profit before tax excl. NRI EUR 220.4 201.5 106.4
million
---------------------------------------------------------------------
Profit/loss before tax EUR 225.8 193.0 -548.7
million
---------------------------------------------------------------------
Net profit excl. NRI EUR 188.9 168.4 92.5
million
---------------------------------------------------------------------
Net profit/loss EUR 194.3 159.9 -519.7
million
---------------------------------------------------------------------
EPS excl. NRI EUR 0.23 0.22 0.12
---------------------------------------------------------------------
EPS EUR 0.25 0.20 -0.66
---------------------------------------------------------------------
CEPS excl. NRI EUR 0.40 0.38 0.29
---------------------------------------------------------------------
ROCE excl. NRI and fair % 12.4 10.5 6.6
valuations
---------------------------------------------------------------------
Fair valuations include synthetic options net of realised and open hedges, CO2 emission rights, and valuations of biological assets related to forest assets in equity accounted investments.
NRI = Non-recurring items. These are exceptional transactions that are not related to normal business operations. The most common non-recurring items are capital gains, additional write-downs, provisions for planned restructuring and penalties. Non-recurring items are normally specified individually if they exceed one cent per share.
Near-term Outlook
In Europe and globally demand for newsprint is expected to be unchanged from a year ago. In Europe demand for coated magazine paper is forecast to be slightly stronger as demand for uncoated magazine paper slightly weaker than a year ago.
Demand for coated fine paper is predicted to be slightly stronger and demand for uncoated fine paper stronger than a year ago. Demand for consumer board is expected to be slightly stronger than a year ago but seasonally weaker than in the third quarter of 2010. Demand for industrial packaging is expected to be slightly stronger than a year ago. Demand for wood products is anticipated to be similar to a year ago but weaker than in the third quarter of 2010.
In Europe newsprint prices are forecast to be similar to the third quarter of 2010, whereas global newsprint prices are forecast to be slightly higher than in the third quarter of 2010. Prices for coated and uncoated magazine paper are expected to be slightly higher than in the previous quarter.
Fine paper prices are predicted to be slightly higher than in the third quarter of 2010. Consumer board prices are forecast to be similar to the previous quarter, whereas industrial packaging prices are forecast to be slightly higher. Prices for wood products are predicted to be lower than in the third quarter of 2010.
Maintenance stoppages and wood and RCP costs are expected to have a greater negative impact at Group level on the fourth quarter 2010 results than the third quarter 2010 results. Wood Products faces pressure on profitability due to weakening market conditions and high raw material costs.
The Group expects its cost inflation excluding internal actions to remain 2% for the full year 2010.
For further information, please contact:
Jouko Karvinen, CEO, tel. +358 2046 21410
Markus Rauramo, CFO, tel. +358 2046 21121
Ulla Paajanen-Sainio, Head of Investor Relations, tel. +358 2046 21242
Lauri Peltola, Head of Communications and Global Responsibility,
tel. +358 2046 21380
The full-length version of the Stora Enso interim review is available on the Stora Enso website at www.storaenso.com/investors
Stora Enso's full year 2010 results will be published on 8 February 2011.
Stora Enso is a global paper, packaging and wood products company producing newsprint and book paper, magazine paper, fine paper, consumer board, industrial packaging and wood products. The Group is the world leader in forest industry sustainability. We offer our customers solutions based on renewable raw materials. Our products provide a climate-friendly alternative to many non-renewable materials, and have a smaller carbon footprint. Stora Enso is listed in the Dow Jones Sustainability Index and the FTSE4Good Index. Stora Enso employs some 27 000 people worldwide, and our sales in 2009 amounted to EUR 8.9 billion. Stora Enso shares are listed on NASDAQ OMX Helsinki (STEAV, STERV) and Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY) in the International OTCQX over-the-counter market.
It should be noted that certain statements herein which are not historical facts, including, without limitation those regarding expectations for market growth and developments; expectations for growth and profitability; and statements preceded by "believes", "expects", "anticipates", "foresees", or similar expressions, are forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Since these statements are based on current plans, estimates and projections, they involve risks and uncertainties, which may cause actual results to materially differ from those expressed in such forward-looking statements. Such factors include, but are not limited to: (1) operating factors such as continued success of manufacturing activities and the achievement of efficiencies therein, continued success of product development, acceptance of new products or services by the Group's targeted customers, success of the existing and future collaboration arrangements, changes in business strategy or development plans or targets, changes in the degree of protection created by the Group's patents and other intellectual property rights, the availability of capital on acceptable terms; (2) industry conditions, such as strength of product demand, intensity of competition, prevailing and future global market prices for the Group's products and the pricing pressures thereto, price fluctuations in raw materials, financial condition of the customers and the competitors of the Group, the potential introduction of competing products and technologies by competitors; and (3) general economic conditions, such as rates of economic growth in the Group's principal geographic markets or fluctuations in exchange and interest rates.
www.storaenso.com
www.storaenso.com/investors
STORA ENSO OYJ
Source: Globe Newswire (October 27, 2010 - 2:47 AM EDT)
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Stora Enso CEO Jouko Karvinen Comments on Third Quarter Results Announced Today
Stora Enso CEO Jouko Karvinen Comments on Third Quarter Results Announced Today
Oct. 27, 2010 (GlobeNewswire) --
HELSINKI, Finland, Oct. 27, 2010 (GLOBE NEWSWIRE) -- "Another strong earnings performance - time to build our future"
STORA ENSO OYJ STOCK EXCHANGE RELEASE 27 October 2010 at 09.01 EET
"The third quarter was yet another proof point of Stora Enso in action,determined to build a business that creates value for our shareholders. A very significant part of our earnings improvement again came through early cost reductions and active management of both pricing and customer mix. Only this year we are permanently removing about 700 000 tonnes of paper capacity or four machines in Europe, a demonstration of our commitment to do what it takes to improve our cost position and productivity. The recent quarters should also prove that our actions are starting to pay off.
"We are also continuing to build the future of Stora Enso in line with our strategy of fibre-based packaging and plantation-based pulp in growth markets, as well as a focussed competitive paper portfolio. We have been tested in unforeseen ways during the past few years, and now we are coming out stronger through our own actions. That is a good starting point for the next part of our journey.
"As a concrete sign of the next part of our journey, we have today announced the acquisition of the majority shareholding in Chinese packaging company Inpac International, which is strategically a perfect fit for our portfolio. The acquisition offers us an excellent opportunity to increase our presence in China and India, the two fastest-growing consumer packaging markets in the world.
"Looking into the fourth quarter, the market outlook remains generally favourable, but pressure on variable costs, seasonal demand weakness in some products and maintenance stoppages are expected to decrease our fourth quarter earnings quarter-on-quarter. As before, these challenges will only make us strive harder to improve the things we can influence ourselves."
For further information, please contact:
Jouko Karvinen, CEO, tel. +358 2046 21410
Lauri Peltola, Head of Communications and Global Responsibility, tel.
+358 2046 21380
Ulla Paajanen-Sainio, Head of Investor Relations, tel. +358 2046 21242
www.storaenso.com
www.storaenso.com/investors
Stora Enso is a global paper, packaging and wood products company producing newsprint and book paper, magazine paper, fine paper, consumer board, industrial packaging and wood products. The Group is the world leader in forest industry sustainability. We offer our customers solutions based on renewable raw materials. Our products provide a climate-friendly alternative to many non-renewable materials, and have a smaller carbon footprint. Stora Enso is listed in the Dow Jones Sustainability Index and the FTSE4Good Index. Stora Enso employs some 27 000 people worldwide, and our sales in 2009 amounted to EUR 8.9 billion. Stora Enso shares are listed on NASDAQ OMX Helsinki (STEAV, STERV) and Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY) in the International OTCQX over-the-counter market.
STORA ENSO OYJ
Source: Globe Newswire (October 27, 2010 - 2:16 AM EDT)
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Kalahari Greentech Attains Current Status on Pinksheets.com and Discusses Plans Going Forward
Kalahari Greentech Attains Current Status on Pinksheets.com and Discusses Plans Going Forward
Oct. 26, 2010 (GlobeNewswire) --
BALTIMORE, Oct. 26, 2010 (GLOBE NEWSWIRE) -- Kalahari Greentech, Inc. (Pink Sheets:KHGT) announced today that the company has achieved current information status based on the rigorous requirements set forth by Pinksheets.com. This means that the company is fully compliant with all the rules and regulations necessary to attain classification in the current category. Updated financials and disclosure statements have been posted and can be found by visiting www.pinksheets.com, and typing KHGT in the search box.
In addition, Kalahari's management team is in discussions with several select companies for possible joint manufacturing opportunities. Kalahari Greentech has been evaluating different opportunities to fast track the development and manufacturing of its Tri-Brid Solar energy product. Management is considering the "shortest path to market" and is looking for assistance in its efforts moving forward.
Please visit Kalahari's website at www.kalaharigt.com to learn more about the company's latest innovations.
About Kalahari Greentech, Inc.: Kalahari Greentech, Inc. is an energy company focused on developing, constructing and operating wind and solar energy projects, either on its own or in partnership with other energy companies. The company's main focus is to seek out opportunities to utilize its technology to develop renewable energy sources.
Forward Looking Statements: This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The Company's actual results could differ materially from expected results.
CONTACT: Kalahari Greentech
Investor Relations
410-242-0763
Source: Globe Newswire (October 26, 2010 - 7:03 PM EDT)
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Ultimate Sports, Inc. Announces Joint Venture With EnSol, LLC to Fund Tire Converter Project
Ultimate Sports, Inc. Announces Joint Venture With EnSol, LLC to Fund Tire Converter Project
Oct. 26, 2010 (GlobeNewswire) --
LAFAYETTE, Ind., Oct. 26, 2010 (GLOBE NEWSWIRE) -- Ultimate Sports, Inc. (Pink Sheets:USPS), a manufacturer and supplier to the recreational vehicle industry, announced today that the company is entering into a joint venture with EnSol, LLC to fund the Tire Converter Project.
The Tire Converter is a unit that will transform tires into carbon black, oil, gas and petroleum solvents. Three-hundred million tires are discarded annually. The average tire weighs 22.5 pounds. In small quantities, the truck tire feed stock cost is about $300/ton "chipped" and each ton produces 1.3 bbl of solvent. The same ton also produces 900 lb of carbon black. Carbon black sells for approximately $0.46 per pound, consequently paying for itself and generating the solvent as a "bonus."
EnSol's converter will also generate solvent and enough natural gas to operate in remote sites without additional power. The proposed unit is capable of processing approximately 6.25 lbs of product per minute. At 6.25 lbs per minute, 3,000 lbs per work day can be generated and transformed into approximately 7 gallons of solvent which sells for approximately $40/gallon, generating $7885.60 in revenue per day, which can lead to $157,712 per month. Solvent can be used to dissolve paraffins and to reduce the viscosity of heavy oils.
A prototype unit was put to the test, showing that the converter yields more than 95% of usable product after it converts the materials put into it. The fully-operational converter is the size of a truck bed. However, the goal is to fabricate and test a portable unit that can be taken to remote sites for conversion and environmental cleanup jobs.
Robert Matthews of EnSol states, "The joint venture with Ultimate Sports will be a significant step towards funding and building the Tire Converter. We are eager to have the chance to work with USI on this project."
Kevin Metheny, President of Ultimate Sports, states, "We are pleased to enter into this joint venture with EnSol. Ultimate Sports is looking forward to working together with EnSol to bring the Tire Converter to realization."
About Ultimate Sports, Inc.:
Ultimate Sports specializes in every item, large and small, that snowmobilers need in order to enjoy the sport and improve their performance—especially snowmobile skis of all types. We have an extensive inventory of carbide studs, mount kits, wear bars, suspension parts, snow flaps, alignment bars, and so much more. Visit www.usi-skis.com for more information.
Forward Looking Statements: This press release contains certain forward looking statements. Investors are cautioned that certain statements in this release are "forward looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The Company's actual results could differ materially from expected results.
CONTACT: Ultimate Sports
Investor Relations
410-242-0763
Source: Globe Newswire (October 26, 2010 - 4:30 PM EDT)
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Vega Biofuels to Cancel Two Billion Shares
Vega Biofuels to Cancel Two Billion Shares
Oct. 26, 2010 (GlobeNewswire) --
LONDON, Oct. 26, 2010 (GLOBE NEWSWIRE) -- Vega Biofuels, Inc. (Pink Sheets:VGPR) announced today it will cancel two billion shares of the Company's common stock, a move that will cut the Company's float in half.
The shares were initially issued as part of a debt conversion by a debt holder of the Company. The debt conversion was cancelled, prompting the canceling of the shares.
Prior to the canceling of the shares, the Company had 4,001,391,374 common shares in its float. After the cancellation of the two billion shares, the Company will have 2,001,391,374 in the float.
The term "float" refers to the number of outstanding free-trading shares owned and available for trading.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect" "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.
CONTACT: Vega Biofuels, Inc.
800-481-0186
Source: Globe Newswire (October 26, 2010 - 4:27 PM EDT)
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ProPhotonix Limited Reports 2010 Third Quarter Financial Results
ProPhotonix Limited Reports 2010 Third Quarter Financial Results
Sales Increase 66%, Gross Profits Up 116%
Oct. 26, 2010 (GlobeNewswire) --
Q3 2010 Financial Highlights:
Revenue $3.9 million vs. $2.3 million in Q3 2009, a 66% increase year over year;
Revenue up 6% sequentially vs. Q2 of 2010;
LED Revenues up 142% vs. Q3 of 2009 and up 13% sequentially;
Gross Profits in Q3 up 116% vs. Q3 2009;
Gross margin 39.9% vs. 30.7% in Q3 2009;
EBITDA positive (before London Stock Exchange – AIM admission costs) vs. $0.5 million loss in Q3 2009;
Order bookings $3.2 million, ending backlog $6.1 million;
Percentage Revenue by Market Sectors: industrial 72%; medical 22%; and defense 6%;
Percentage Revenue by Geography: 55% Europe, 34% North America and 11% Rest of World
SALEM, N.H., Oct. 26, 2010 (GLOBE NEWSWIRE) -- ProPhotonix Limited, formerly StockerYale, Inc. (Pink Sheets:STKR), a designer and manufacturer of LED arrays and light engines, produces laser modules and distributes laser diodes for industrial OEMs, medical and defense markets, announces its financial results for the third quarter ended September 30, 2010. Results are reported from continuing operations and exclude discontinued operations, unless otherwise stated.
Third Quarter 2010 Financial Results
Total revenue for the third quarter of 2010 of $3.9 million increased 66% from the third quarter of 2009. The increase in sales was due to a $1.1 million increase in the LED segment, a 142% increase and a $0.4 million increase in the Photonic Products segment.
Gross profit was $1.6 million for the three months ended September 30, 2010, a 116% increase compared to the third quarter of 2009. During the three months ended September 30, 2010, gross margin was 40% compared with 31% in the third quarter of 2009, mainly due to increased volumes, mix of products and improved productivity in our LED segment.
Operating expenses totaled $2.0 million for the third quarter of 2010, an increase of 33% as compared to the third quarter of 2009. The 2010 operating expenses include costs of approximately $194,000 related to the proposed admission of the Company's shares to the London Stock Exchange's AIM Market. Non-cash amortization of intangible assets decreased to $99,000 versus $198,000 for the third quarter of 2009. Sales and marketing expenses increased by approximately $166,000, or 43%, associated with the increase in revenue plus increased advertising, and marketing and product management personnel. Research and development expenses were 3% higher at $161,000 due to increased engineering resources in the Company's LED business. General and administrative expenses, excluding AIM charges, increased $129,000, or 14%, versus the third quarter of 2009.
Excluding AIM Admission expenses, adjusted EBITDA was $27,000, a $540,000 improvement over the prior year. EBITDA loss was $167,000 for the quarter compared to an EBITDA loss of $515,000 for the third quarter of 2009. Net loss from continuing operations, excluding fees relating to AIM, were $0.3 million, or $0.01 per share. Net loss including discontinued operations was $0.5 million or $0.01 per share. This compares to net loss of $1.5 million or $0.03 per share for the third quarter of 2009.
Outlook
"During the third quarter, the Company made significant progress on all fronts including sales growth, profitability, and product marketing and development. We are pleased to continue a positive EBITDA trend in the third quarter. This achievement was led by the significant sales growth to medical and solar inspection customers and profitability of our LED operation," stated Mark W. Blodgett, Chairman and CEO. "We were particularly pleased with the overall improvement in gross margin to 40%, which demonstrates both continued cost management and the positive operating leverage associated with our business model. We expect these trends to continue as we enter the fourth quarter with a strong order book. In addition, we continue to take steps to enter the general illumination market for LEDs, which represents an important opportunity for the Company to leverage both its technology and LED production capacity in Cork, Ireland," added Blodgett.
ABOUT PROPHOTONIX LIMITED (FORMERLY STOCKERYALE, INC.):
ProPhotonix Limited, headquartered in Salem, New Hampshire, is an independent designer and manufacturer of diode-based laser modules and LED systems for industry leading OEMs. In addition, the Company distributes premium diodes for Opnext, Sanyo & Sony. The Company serves a wide range of markets including the machine vision, industrial inspection, defense, sensors, and medical markets. ProPhotonix has offices and subsidiaries in the U.S., Ireland, and Europe. For more information about ProPhotonix and their innovative products, visit the Company's web site at www.prophotonix.com
SAFE HARBOR STATEMENT
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical fact, including without limitation, those with respect to ProPhotonix's goals, plans and strategies set forth herein are forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: uncertainty that cash balances may not be sufficient to allow ProPhotonix to meet all of its business goals; uncertainty that ProPhotonix's new products will gain market acceptance; the risk that delays and unanticipated expenses in developing new products could delay the commercial release of those products and affect revenue estimates; the risk that one of our competitors could develop and bring to market a technology that is superior to those products that we are currently developing; and ProPhotonix's ability to capitalize on its significant research and development efforts by successfully marketing those products that the Company develops. Forward-looking statements represent management's current expectations and are inherently uncertain. All Company, brand, and product names are trademarks or registered trademarks of their respective holders. ProPhotonix undertakes no duty to update any of these forward-looking statements.
Use of Non-GAAP Financial Measures
The Company provides non-GAAP financial measures, such as EBITDA, to complement its consolidated financial statements presented in accordance with GAAP. Non-GAAP financial measures do not have any standardized definition and, therefore, are unlikely to be comparable to similar measures presented by other reporting companies. These non-GAAP financial measures are intended to supplement the user's overall understanding of the Company's current financial and operating performance and its prospects for the future. Specifically, the Company believes the non-GAAP results provide useful information to both management and investors by identifying certain expenses, gains and losses that, when excluded from the GAAP results, may provide additional understanding of the Company's core operating results or business performance, which management uses to evaluate financial performance for purposes of planning for future periods. However, these non-GAAP financial measures are not intended to supersede or replace the Company's GAAP results.
The Company uses EBITDA (earnings before interest, taxes, depreciation, amortization, and stock-based compensation) as a non-GAAP financial measure in this press release. A reconciliation of EBITDA to net income/(loss) for the third quarter ended 2010 is as follows:
Three Months Ended
(in thousands)
September 30,
2010 2009
Net Loss (454) (1,450)
Loss from discontinued operations 17 25
Plus:
Interest and other (income) / expense (net) (125) 460
Depreciation 131 138
Intangible asset amortization 99 198
Stock based compensation 125 110
Tax benefit (46) (205)
Amortization of Debt Discount & Financing Costs 86 209
EBITDA loss (167) (515)
One-time charges – AIM Admission costs 194 --
Adjusted EBITDA gain / (loss) 27 (515)
Consolidated Statements of Operations
(Unaudited)
($ In thousands except share and per share data)
Three Months Ended
September 30,
2010 2009
Net Sales $3,899 $2,347
Cost of Sales 2,345 1,627
Gross Profit 1,554 720
Research & Development Expenses 161 156
Selling, General & Administrative Expenses 1,816 1,327
Amortization of Intangible Assets 99 198
Operating Loss (522) (961)
Other income / (expense), net 237 (415)
Amortization of debt discount and financing costs (86) (209)
Interest expense (112) (45)
Loss Before Taxes from Continuing Operations (483) (1,630)
Tax benefit 46 205
Net Loss from Continuing Operations (437) (1,425)
Loss from Discontinued Operations (17) (25)
Net Loss $ (454) $ ( 1,450)
Loss Per Share
Loss from Continuing Operations ($0.01) ($0.03)
Income/(Loss) from Discontinued Operations ($0.00) ($0.00)
Net loss per share ($0.01) ($0.03)
Weighted Average Shares Outstanding 44,407,504 44,108,929
Consolidated Balance Sheet
(Unaudited)
($ in Thousands)
September 30,
2010 December 31,
2009
Assets
Current Assets $5,284 $7,736
Property, Plant & Equipment, Net 3,629 3,835
Other Assets 1,447 1,805
$10,360 $13,376
Liabilities & Stockholders Deficit
Total Current Liabilities $8,172 $7,123
Long Term Debt 1,413 3,281
Long Term Lease and Other Liabilities 3,392 3,287
Stockholders deficit (2,617) (315)
Total Liabilities & Stockholders Deficit $10,360 $13,376
CONTACT: ProPhotonix Limited
Investor Relations Contact:
Mark W. Blodgett, CEO
+1 (603) 893-8778
IRInfo@ProPhotonix.com
Hansard Communications
Kirsty Corcoran
John Bick
+44 (0) 20 7245 1100
ProPhotonix@hansardcomms.com
Source: Globe Newswire (October 26, 2010 - 2:10 PM EDT)
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Eaglecrest Appoints Atlanta Capital Partners, LLC for USA Investor Relations and Welcomes New Directors to the Board
Eaglecrest Appoints Atlanta Capital Partners, LLC for USA Investor Relations and Welcomes New Directors to the Board
VANCOUVER, BRITISH COLUMBIA, Oct. 26, 2010 (Marketwire) -- EAGLECREST EXPLORATIONS LTD. (TSX VENTURE:EEL)(PINK SHEETS:ECRTF)(FRANKFURT:EAT) is pleased to announce that it has retained the services of Atlanta Capital Partners, LLC to assist with its investor relations efforts in the United States. Atlanta Capital Partners helps public companies, private companies and venture capital firms communicate with Wall Street, investors and the media.
"We are pleased to retain such a high caliber firm as Atlanta Capital Partners," said Hans J. Rasmussen, President and Chief Executive Officer of Eaglecrest Explorations Ltd. "Atlanta Capital Partners will play an integral role in ensuring the expansion of our message to a broader investment community and, through this engagement, we anticipate many new opportunities will arise for the Company. We are enthusiastic about our efforts in Colombia and we look forward to presenting the Company to new investors."
David Kugelman, President and CEO of Atlanta Capital Partners LLC, contends, "We are both excited and enthusiastic about Eaglecrest Explorations Ltd. and its potential. The addition of the new projects in the prolific Middle Cauca Belt of Colombia has changed the face of the Company and we believe presents the significant possibility of generating positive news in the future."
The Company has agreed to pay Atlanta Capital Partners a fee of US$10,000 for services until December 31, 2010.
Eaglecrest Explorations Ltd. is also pleased to announce that Jeff R. Palmer and Thomas J. Pladsen have accepted appointments to the Board of Directors.
"Both Mr. Pladsen and Mr. Palmer are rich additions to the Board of Directors, bringing strong leadership, energy and enthusiasm for our projects. Their extensive experience in finance and mining, together with their in-depth knowledge and experience in South America position them as valuable additions to the Eaglecrest team," asserted CEO Hans Rasmussen.
Mr. Pladsen has extensive experience in corporate finance and financial reporting for public and private companies. Mr. Pladsen received his Chartered Accountant designation with KPMG LLP in Toronto in the mid 1980's and has since held various financial positions with TSX listed, TSX-V listed and private mining and technology companies. These positions include CFO of Katanga Mining Limited from 2004 to 2006, Andina Minerals Inc. from 2005 to 2008 and Merc International Minerals Inc. from 2008 to 2010. He is currently the CFO of Atacama Pacific Gold Corporation, a Chilean focused gold exploration company. Mr. Pladsen holds a BBA degree from Wilfrid Laurier University and is a director of several TSX and TSX-V listed resource companies.
Mr. Palmer began his career at Peat Marwick, Mitchell & Company in the late 1970's. He graduated from the University of Southern California with a B.S in Accounting and is a certified public accountant in the state of California. Mr. Palmer has 30 years of extensive experience in finance; specializing in cash management and investment planning, and tax planning. Palmer provides controllership to business clients and business management services to high net worth persons including actors, directors and producers in the entertainment business. He has been a committed investor in Eaglecrest Explorations for seven years.
About Atlanta Capital Partners, LLC
Atlanta Capital Partners, LLC helps leading public companies, private companies and venture capital firms communicate with Wall Street, investors and the media. Drawing on its carefully built relationships with Retail Brokerage Firms, Investment Bankers, Analysts, Fund Managers, and Independent Investors, Atlanta Capital Partners, LLC takes a unique approach to investor relations by being a shareholder.
About Eaglecrest
Eaglecrest Explorations Ltd. is systematically exploring, developing and monetizing promising gold projects in Colombia and Bolivia.
The management and geologic teams at Eaglecrest are comprised of industry experts experienced with gold discoveries over the past three decades while working with both junior and major mining companies. With this team and the increased sentiment towards gold, Eaglecrest looks to accelerate the capitalization of its Bolivian asset, shifting its focus to securing interests in, and initiating the anticipated exploration programs at the Fredonia and Venecia projects, Colombia, located south of Medellin.
If you would prefer to receive news releases via email please contact Jennie Guay (jennie@chfir.com) and specify "Eaglecrest news" in the subject line.
This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX-Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.
Neither the TSX Venture nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.
Eaglecrest Explorations Ltd. President and CEO 801-554-2074 hans@eaglecrestexplorations.com www.eaglecrestexplorations.com CHF Investor Relations Director of Operations 416-868-1079 x 225 jeanny@chfir.com
Source: Marketwire Canada (October 26, 2010 - 2:01 PM EDT)
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Advanced Content Services, Inc.'s MTP Ventures Submits Offer for CopSwap Executive Team
Advanced Content Services, Inc.'s MTP Ventures Submits Offer for CopSwap Executive Team
MTP Ventures Looks to Book a Sworn Officer to Helm 'Arrestingly Unique' Website
Oct. 26, 2010 (GlobeNewswire) --
FORT WAYNE, Ind., Oct. 26, 2010 (GLOBE NEWSWIRE) -- Advanced Content Services (Pink Sheets:ADCS) CEO Mark B. Newbauer announces today that the company has submitted an offer to Matt Newbauer of Fort Wayne, Indiana to serve as a Managing Member of CopSwap (www.copswap.org), a social networking and guns and ammo auction/sales site for sworn officers across the country. As well, the company is in talks with CopSwap co-founder, Jon Horne, to bring him on as a company consultant and marketing associate to ensure streamlined permeation nationwide.
Matt Newbauer, a Fort Wayne Police Officer for well over a decade, has been passionate about CopSwap since the concept was first initiated by fellow police officers circa 2008. CopSwap was then acquired by ADCS's MTP Ventures with plans for high-end design, interface and expansion of application.
When ADCS CEO, Mark B. Newbauer, began talking about the company's plans, his brother Matt was an obvious contender for the position. "It has always M TP Ventures' plan to have a police officer helming the company," says Mark Newbauer, "including talks with one of the site's founders, Officer Jon Horne, who has stated interest to serve as an executive with our team. We feel both Jon and Matt will be excellent additions to CopSwap and will aid significantly in expediting the site's launch, which is currently in its initial backend programming phase."
CopSwap is currently undergoing a private beta and is expected to launch its public beta in early 2011. MTP Ventures pushed the release date from spring 2010 to allow for larger concepts to be implemented into the site upon launch, including zip-code based FFL (Federal Firearm Licensed) dealer locator for safe, compliant and convenient pickup and delivery in regards to firearms sales.
"We expect the business to become profitable within its first 3 months of operations with projects to be released in the near future along with site feature breakdowns and private beta updates with strategic sneak peeks for public view along the way," states Mark B. Newbauer. "A recent article (http://tinyurl.com/24ho8pl) gives a great overview of firearms sales market, which we'll be participating in like no other site: Rafn, the portfolio manager at Morgan Dempsey, estimates that the retail firearms business generates $2.5 billion to $3 billion a year in the U.S. "Obviously it's not like semiconductors. It's not a high-growth industry," Rafn said. "But it certainly is a very stable industry." Historically, he said, the U.S. gun industry produces 4 million to 7 million units. "You're pushing upward of 8 to 9 million units the past few years.
www.copswap.org
ADCS MTP Ventures acquires, creates, co-ventures and/or incubates powerful, unique business models and Intellectual Property. The firm was initially formed to develop new ideas and IP, as well as to acquire distressed companies in need of a 'business makeover', and transform them into thriving entities with sustainable revenue and progressive growth.
FOLLOW US ON TWITTER: www.twitter.com/mtpventures
Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.
PR prepared by NMR
CONTACT: MTP Ventures:
MTP Worldwide:
310-230-5642
276-352-4569
info@mtpventures.com
IR@InvestmentNation.com
Source: Globe Newswire (October 26, 2010 - 12:08 PM EDT)
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Primary Petroleum Completes Exercise of Warrants, Raises Over Four Million Dollars
Primary Petroleum Completes Exercise of Warrants, Raises Over Four Million Dollars
CALGARY, ALBERTA, Oct. 26, 2010 (Marketwire) -- Primary Petroleum Corporation (TSX VENTURE:PIE)(PINK SHEETS:PETEF) ("Primary" or the "Company") is pleased to report that the "Call Notice" issued on September 20, 2010 with regards to the exercise of 26,700,000 warrants has been fully exercised. The Company is in receipt of $4,005,000 from the proceeds of the warrant exercise.
"The funds from the exercise of the warrants will be used for:
-- Continuation of its Land Acquisition Strategy on a geological merit basis within the Alberta Basin Bakken Fairway of Western Montana. -- Ongoing technical evaluation and the collection of key data from the 18 well logs that have been drilled thru the Bakken formation on or in close proximity to Primary's current leases. -- General working capital.
Primary holds over 170,000 gross/net acres (266 sections) in Bakken oil prospects and is continuing to meet with potential joint venture industry partners to exploit both of its Bakken Prospects in the Alberta Basin of Western Montana and in the Williston Basin of North Eastern Montana.
About Primary Petroleum Corporation: Primary is a junior oil and gas company engaged in exploration and development activities in Montana and Alberta. The Company's mandate is to continue to acquire strategic land positions of merit in the Sedimentary Basin of the Western United States and Canada and seek out industry partners to exploit and develop them.
To find out more about Primary Petroleum visit our website at www.primarypetroleum.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Primary Petroleum Corporation President & CEO 403-262-3132 403-262-3175 (FAX) mike@primarypetroleum.com www.primarypetroleum.com
Source: Marketwire Canada (October 26, 2010 - 11:15 AM EDT)
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S3 Investment Company CEO Travels to China and Mongolia for Meetings With Subsidiary Management and to Oversee Expected Closing of Redwood Capital Client Transaction
S3 Investment Company CEO Travels to China and Mongolia for Meetings With Subsidiary Management and to Oversee Expected Closing of Redwood Capital Client Transaction
Stops Will Include Beijing, Shanghai, Hong Kong and Ulaanbaatar for Redwood Capital, Redwood Medical, Redwood PE Fund and Risk Investigation and Evaluation Division
Oct. 26, 2010 (GlobeNewswire) --
DANVILLE, Calif., Oct. 26, 2010 (GLOBE NEWSWIRE) -- S3Investment Company, Inc. (Pink Sheets:SIVC) today announced that Chairman and CEO Jim Bickel has traveled to China with planned stops in Mongolia and the Philippines to oversee activities of the company's Redwood subsidiaries, including the expected close of a Redwood Capital client transaction. Mr. Bickel will visit Beijing, Shanghai and Hong Kong, as well as Ulaanbaatar, Mongolia in support of Redwood Capital, Redwood Medical, the Redwood Private Equity Fund, and Redwood's newly formed Risk Investigation and Evaluation Division.
In Beijing, Shanghai and other locations in China, Mr. Bickel will work with management of Redwood Capital, which assists private Chinese companies in accessing global public markets by achieving reverse merger and financing transactions, by visiting current clients and reviewing the progress of recently signed and prospective clients. Mr. Bickel will also travel to Ulaanbaatar for meetings with a Redwood Capital client that operates in Mongolia. S3 expects to report both new client signings and the closing of a financing and public listing transaction for this Redwood Capital client in the very near future.
Mr. Bickel is currently in Ulaanbaatar and commented, "We expect to announce this major milestone for a Redwood Capital client very shortly. Additional details will be forthcoming. It is difficult to explain how exciting the prospects currently are in the Mongolia market, but as events unfold, S3 shareholders will see that the time and efforts spent on this project have been well worth it."
Mr. Bickel will also meet with the management of the Redwood Medical subsidiary in China and is expected to receive updates regarding the process of securing additional regulatory approvals for the first product it will distribute in the China market. The updates will include new information on clinical and laboratory trials, progress in the selection of hospitals for the clinical trials and the process of securing the necessary equipment and reagents.
While in Hong Kong, Mr. Bickel will attend meetings related to another potential Redwood Capital contract, the first from the Hong Kong market. Mr. Bickel will also be updated on the progress of the Redwood Private Equity Fund periodically during this trip.
To sign up to receive information by email directly from S3 Investment Company when new press releases, investor newsletters, SEC filings or other information is disclosed, please visit http://www.s3investments.com/investors/.
About S3 Investment Company, Inc.
S3 Investment Company, Inc. (http://www.s3investments.com) and its Redwood Group International subsidiary are focused on facilitating the success of several subsidiaries operating in the China market. Redwood Capital, Inc. assists private Chinese companies in accessing the North American capital markets by utilizing a network of investment banking relationships to achieve reverse merger transactions. For more information, please visit http://www.redwoodcapinc.com. Redwood Medical, Inc. assists companies seeking to import and distribute Western medical technologies and products into the China market.
Any statements contained herein related to future events are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on forward-looking statements. S3 Investment Company, Inc. undertakes no obligation to update any such statements to reflect actual events.
CONTACT: S3 Investment Company
Investor Relations
951-200-4107
investors@s3investments.com
Source: Globe Newswire (October 26, 2010 - 10:53 AM EDT)
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Wavefront Technology Solutions Inc.: Energy Trust Turns to Powerwave to Unlock More Oil From Its Operations
Wavefront Technology Solutions Inc.: Energy Trust Turns to Powerwave to Unlock More Oil From Its Operations
EDMONTON, ALBERTA, Oct. 26, 2010 (Marketwire) -- Wavefront Technology Solutions Inc. ("Wavefront" or the "Company"); (TSX VENTURE:WEE) (PINK SHEETS:WFTSF), a world leader in providing innovative solutions for increasing oil field production and enhancing the treatment of contaminated groundwater is pleased to announce that an Alberta based energy trust will deploy three Powerwave systems to unlock more oil from its southeastern Alberta production operations. Under the terms of the agreement the client name, field location, and financial terms cannot be released. The client has agreed to take delivery of and be responsible for licensing fees related to Powerwave equipment ninety days from the contract execution date as outlined in a new Wavefront contractual standard designed to expedite Powerwave tool installation and realize earlier revenue recognition.
"The positive case histories Wavefront is generating in the Western Canadian Sedimentary Basin and elsewhere continue to create interest in Powerwave as oil producers seek cost-effective methods of extending field life and increasing oil recovery," said Wavefront President and CEO, Brett Davidson. "We have consistently demonstrated that when it comes to producing oil Powerwave can play a vital role in improving production performance to enhance field economics."
ON BEHALF OF THE BOARD OF DIRECTORS
WAVEFRONT TECHNOLOGY SOLUTIONS INC.
D. Brad Paterson, CFO & Director
Cautionary Disclaimer - Forward Looking Statements
Certain statements contained herein regarding Wavefront and its operations constitute "forward-looking statements" within the meaning of Canadian securities laws and the United States Private Securities Litigation Reform Act of 1995. All statements that are not historical facts, including without limitation statements regarding future estimates, plans, objectives, assumptions or expectations or future performance, are "forward-looking statements". In some cases, forward-looking statements can be identified by terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential", "believe", "continue" or the negative of these terms or other comparable terminology. We caution that such "forward-looking statements" involve known and unknown risks and uncertainties that could cause actual results and future events to differ materially from those anticipated in such statements. Such factors include fluctuations in the acceptance rates of Wavefront's Powerwave and Primawave Processes, demand for products and services, fluctuations in the market for oil and gas related products and services, the ability of Wavefront to attract and maintain key personnel, technology changes, global political and economic conditions, and other factors that were described in further detail in Wavefront's continuous disclosure filings, available on SEDAR at www.sedar.com. Wavefront expressly disclaims any obligation to up-date any "forward-looking statements", other than as required by law.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Wavefront Technology Solutions Inc. CFO 780-486-2222 x224 investor.info@onthewavefront.com www.onthewavefront.com
Source: Marketwire Canada (October 26, 2010 - 10:41 AM EDT)
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Great Western Minerals Group Expands Rare Earths Processing Capacity at Less Common Metals
Great Western Minerals Group Expands Rare Earths Processing Capacity at Less Common Metals
Oct. 26, 2010 (Marketwire) --
SASKATOON, SASKATCHEWAN -- (Marketwire) -- 10/26/10 -- Great Western Minerals Group Ltd. ("GWMG" or the "Company") (TSX VENTURE: GWG) (OTCQX: GWMGF) announces that a new Rare Earths processing furnace has been ordered for the Company's wholly-owned subsidiary Less Common Metals Limited. ("LCM").
The new furnace, which will increase LCM's processing capacity by approximately 50%, is scheduled to be in production by the 3rd Quarter 2011. The decision to proceed with the significant capacity expansion was driven by requests from LCM's international customer base.
Less Common Metals Limited, located in Birkenhead, United Kingdom, is a world leader in the production and supply of Rare Earth based alloys and high purity metals. LCM has been in operation since 1992 and was purchased by Great Western Minerals Group in 2008 as a key step in GWMG's strategic plan to become a fully integrated Rare Earths producer.
"LCM has been supplying Rare Earth alloys and powders to large international companies for more than eighteen years," said GWMG President and Chief Executive Officer Jim Engdahl. "Our customers appreciate LCM's proven quality as well as our Company's plans to be a fully integrated Rare Earths producer. In today's environment, it is evident that certainty of supply will be more crucial than ever to end users of Rare Earths production."
LCM currently produces Rare Earth alloys for permanent magnets, including neodymium-iron-boron ("NdFeB") alloys, by vacuum induction melting with options for heat treatment and hydrogenation. These alloys are complex to produce in regard to composition control and microstructure. The new furnace is designed to provide NdFeB alloys with the preferred microstructure for sintered magnets. The output from the new furnace will be in the form of "flakes", as opposed to the more traditional "ingot" form.
"Given our focus on becoming a fully integrated Rare Earths producer, the recent news stories about disruptions of Rare Earth materials from China have further elevated the level of international interest in GWMG and Less Common Metals," added Jim Engdahl.
Jim Engdahl, President
About Great Western Minerals Group Ltd.
Great Western Minerals Group Ltd. is an integrated Rare Earths processor. Its specialty alloys are used in the battery, magnet and aerospace industries. Produced at the Company's wholly owned subsidiaries Less Common Metals Limited in Birkenhead, U.K. and Great Western Technologies Inc. in Troy, Michigan, these alloys contain aluminium, nickel, cobalt and Rare Earth Elements. As part of the Company's vertical integration strategy, GWMG has signed an Off-take Agreement for 100% of the Rare Earth Elements produced at the former producing Steenkampskraal mine in South Africa and holds 20.8% ownership in Rare Earth Extraction Co. Ltd, the owner of the Steenkampskraal mine. GWMG also holds interests in seven Rare Earth exploration and development properties in North America.
Certain information set out in this News Release constitutes forward-looking information. Forward-looking statements (often, but not always, identified by the use of words such as "expect", "may", "could", "anticipate" or "will" and similar expressions) may describe expectations, opinions or guidance that are not statements of fact and which may be based upon information provided by third parties. Forward-looking statements are based upon the opinions, expectations and estimates of management of GWMG as at the date the statements are made and are subject to a variety of known and unknown risks and uncertainties and other factors that could cause actual events or outcomes to differ materially from those anticipated or implied by such forward-looking statements. Those factors include, but are not limited to satisfaction of the conditions precedent with respect to GWMG's offtake agreement, receipt of all required approvals (including those relating to the commencement of production at the Steenkampskraal mine) and risks, uncertainties and other factors that are beyond the control of GWMG, risks associated with the industry in general, commodity prices and exchange rate changes, operational risks associated with exploration, development and production operations, delays or changes in plans, risks associated with the uncertainty of reserve or resource estimates, health and safety risks and the uncertainty of estimates and projections of production, costs and expenses. In light of the risks and uncertainties associated with forward-looking statements, readers are cautioned not to place undue reliance upon forward-looking information. Although GWMG believes that the expectations reflected in the forward-looking statements set out in this press release or incorporated herein by reference are reasonable, it can give no assurance that such expectations will prove to have been correct. The forward-looking statements of GWMG contained in this News Release, or incorporated herein by reference, are expressly qualified, in their entirety, by this cautionary statement and the risk factors contained in GWMG's current annual information form available at www.sedar.com.
CUSIP: 39141Y 10 3
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Great Western Minerals Group Ltd.
Dwight Percy
Manager of Investor Relations
(306) 659-4500
info@gwmg.ca
www.gwmg.ca
Great Western Minerals Group Ltd.
219 Robin Crescent
Saskatoon, SK S7L 6M8
Source: Marketwire (October 26, 2010 - 9:30 AM EDT)
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Globex's Talc-Magnesium Compound Project Advances
Globex's Talc-Magnesium Compound Project Advances
Oct. 26, 2010 (Marketwire) --
ROUYN-NORANDA, QUEBEC -- (Marketwire) -- 10/26/10 -- GLOBEX MINING ENTERPRISES INC.(TSX: GMX)(FRANKFURT: G1M)(OTCQX: GLBXF) is pleased to inform shareholders that hydrometallurgical test work in the form of a small scale pilot test has begun upon material from our Timmins, Ontario talc-magnesite project.
The pilot test work is projected to cost approximately US$500,000 and is expected to be completed by mid-December 2010.
The objective of the pilot test is to precisely define the parameters of the hydrometallurgical process such that a prefeasibility study can be properly priced and undertaken. The prefeasibility study will provide pricing of capital costs and operating costs thus allowing us to plan the next stage of the march toward our target of commercial production. Much additional work will need to be undertaken including a large scale demonstration plant, permitting and environment studies which have already begun, planning of support infrastructure such as power lines, a gas line, roads and a rail spur line, etc.
Globex has received market studies from Roskill Consulting Group Limited of London, England. The studies have among other things identified which products and markets will be most advantageous for Globex to concentrate our efforts upon.
An initial plenary meeting was held between Globex, our consultants and the various Ontario government agencies who will work with us in planning and permitting the open pit mine and location and construction of the processing infrastructure.
We are very pleased with our progress to date and look forward to the giant steps that now need to be taken to make this project an economic reality.
This press release was written by Jack Stoch, P. Geo., President and CEO of Globex in his capacity as a Qualified Person (Q.P.) under NI 43-101.
We Seek Safe Harbour. Foreign Private Issuer 12g3 - 2(b)
CUSIP Number 379900 10 3
Forward Looking Statements
Except for historical information this News Release may contain certain "forward looking statements". These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the Companies expectations and projections. A more detailed discussion of the risks is available in the "Annual Information Form" filed by the Company on SEDAR at www.sedar.com
20,197,674 shares issued and outstanding
Contacts:
Globex Mining Enterprises Inc.
Jack Stoch, P.Geo., Acc.Dir.
President & CEO
819-797-5242
819-797-1470 (FAX)
info@globexmining.com
www.globexmining.com
Source: Marketwire (October 26, 2010 - 9:01 AM EDT)
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